I-t Cracks Down
Is the Centre planning to decriminalise minor I-T offences in 100 days?
The industry has long suggested that minor Income Tax offences incur penalties rather than criminal prosecution. This would garner more trust and boost ease of doing business
 "Is the Centre planning to decriminalise minor I-T offences in 100 days?")
I-T dept leverages tech to scrutinise tax returns, recovers Rs 36,000 cr
With one more quarter to go, the income tax department expects the recovery amount to further rise to Rs 50,000 crore by the end of the financial year
 "I-T dept leverages tech to scrutinise tax returns, recovers Rs 36,000 cr")
I-T searches, assets seizure increased over the last three fiscals: Govt
The number of groups searched by the Income Tax Department and the resulting seizure of assets has shown an increasing trend over the last three financial years, according to a government data placed in the Parliament on Tuesday. Minister of State for Finance Pankaj Chaudhary said, in a written reply, to the Rajya Sabha that a total of 741 groups were raided by the tax department and assets worth Rs 1,765.56 crore seized during the 2022-23 fiscal. Similarly, 686 groups were searched by the I-T department during the 2021-22 fiscal and properties worth Rs 1,159.56 crore were seized preceded by 569 groups raided in 2020-21 and assets worth Rs 880.83 crore were seized.
 "I-T searches, assets seizure increased over the last three fiscals: Govt")
Letters: Change is possible
Changes can happen any time and hereafter they can only be for the better
