Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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        LATEST NEWS UPDATES | CAG may audit process of black-money scheme, not individual declarations    </title>
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-PTI

New Delhi: The Comptroller &amp; Auditor General of India (CAG) may do a performance audit of the just-ended black money disclosure scheme, but will not get into the disclosures made.

As much as Rs 65,250 crore of undeclared assets were declared..."/>
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-PTI

New Delhi: The Comptroller &amp; Auditor General of India (CAG) may do a performance audit of the just-ended black money disclosure scheme, but will not get into the disclosures made.

As much as Rs 65,250 crore of undeclared assets were declared..." />
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    <h1 class="cat-box-title">CAG may audit process of black-money scheme, not individual declarations</h1>
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                            <div align="justify">-PTI<br /><br /><em>New Delhi: </em>The Comptroller &amp; Auditor General of India (CAG) may do a performance audit of the just-ended black money disclosure scheme, but will not get into the disclosures made.<br /><br />As much as Rs 65,250 crore of undeclared assets were declared through 64,275 declarations in the one-time four-month compliance window provided under the Income Disclosure Scheme (IDS), which closed on September 30.<br /><br />&rdquo;The information filed under the IDS is confidential and will neither be shared with any law enforcement agency nor any enquiry be launched by the I-T department,&rdquo; an official said.<br /><br />But the official auditor CAG may choose to do a performance audit of the scheme as a whole, the official said.<br /><br />&rdquo;It can audit the process followed in going about the scheme as well as how well it did. But no specific information on declaration made will either be gone into by the auditor or shall it be given,&rdquo; he said.<br /><br />The CAG had previously audited the Service Tax Voluntary Compliance Encouragement Scheme for the very same purpose.<br /><br />The last tax amnesty scheme of 1997 - The Voluntary Disclosure of Income Scheme (VDIS), too, was audited by the CAG.<br /><br />In its August 2000 report, CAG had found gaping holes and glaring defects in the VDIS saying it was drafted &ldquo;with a number of lacunae which in turn, were compounded by CBDT circulars, clarifications and press briefings that benefited the declarants&rdquo;.<br /><br />The implementation of VDIS, it said, left a number of gaps in the procedural matters with distinct impact on revenue realisation.<br /><br />The official said no adverse action shall be taken by the Financial Intelligence Unit or the income-tax department solely on the basis of the declarations made under IDS.<br /><br />Also, no enquiry or investigation shall be launched on undisclosed income and assets declared under the scheme even if evidence is found subsequently during search or survey proceedings.<br /><br />Specific information on declarations will not be shared with anyone, including investigating agencies, he said..</div>                                                           
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    <br><a href="http://www.telegraphindia.com/1161002/jsp/frontpage/story_111456.jsp#.V_C5q_T3_N4" class="re" target="_blank">The Telegraph, 2 October, 2016, http://www.telegraphindia.com/1161002/jsp/frontpage/story_111456.jsp#.V_C5q_T3_N4</a><div class="clear"></div>
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                            <div align="justify">-PTI<br /><br /><em>New Delhi: </em>The Comptroller &amp; Auditor General of India (CAG) may do a performance audit of the just-ended black money disclosure scheme, but will not get into the disclosures made.<br /><br />As much as Rs 65,250 crore of undeclared assets were declared through 64,275 declarations in the one-time four-month compliance window provided under the Income Disclosure Scheme (IDS), which closed on September 30.<br /><br />&rdquo;The information filed under the IDS is confidential and will neither be shared with any law enforcement agency nor any enquiry be launched by the I-T department,&rdquo; an official said.<br /><br />But the official auditor CAG may choose to do a performance audit of the scheme as a whole, the official said.<br /><br />&rdquo;It can audit the process followed in going about the scheme as well as how well it did. But no specific information on declaration made will either be gone into by the auditor or shall it be given,&rdquo; he said.<br /><br />The CAG had previously audited the Service Tax Voluntary Compliance Encouragement Scheme for the very same purpose.<br /><br />The last tax amnesty scheme of 1997 - The Voluntary Disclosure of Income Scheme (VDIS), too, was audited by the CAG.<br /><br />In its August 2000 report, CAG had found gaping holes and glaring defects in the VDIS saying it was drafted &ldquo;with a number of lacunae which in turn, were compounded by CBDT circulars, clarifications and press briefings that benefited the declarants&rdquo;.<br /><br />The implementation of VDIS, it said, left a number of gaps in the procedural matters with distinct impact on revenue realisation.<br /><br />The official said no adverse action shall be taken by the Financial Intelligence Unit or the income-tax department solely on the basis of the declarations made under IDS.<br /><br />Also, no enquiry or investigation shall be launched on undisclosed income and assets declared under the scheme even if evidence is found subsequently during search or survey proceedings.<br /><br />Specific information on declarations will not be shared with anyone, including investigating agencies, he said..</div>                                                           
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    <br><a href="http://www.telegraphindia.com/1161002/jsp/frontpage/story_111456.jsp#.V_C5q_T3_N4" class="re" target="_blank">The Telegraph, 2 October, 2016, http://www.telegraphindia.com/1161002/jsp/frontpage/story_111456.jsp#.V_C5q_T3_N4</a><div class="clear"></div>
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-PTI

New Delhi: The Comptroller &amp; Auditor General of India (CAG) may do a performance audit of the just-ended black money disclosure scheme, but will not get into the disclosures made.

As much as Rs 65,250 crore of undeclared assets were declared..." />
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                            <div align="justify">-PTI<br /><br /><em>New Delhi: </em>The Comptroller &amp; Auditor General of India (CAG) may do a performance audit of the just-ended black money disclosure scheme, but will not get into the disclosures made.<br /><br />As much as Rs 65,250 crore of undeclared assets were declared through 64,275 declarations in the one-time four-month compliance window provided under the Income Disclosure Scheme (IDS), which closed on September 30.<br /><br />&rdquo;The information filed under the IDS is confidential and will neither be shared with any law enforcement agency nor any enquiry be launched by the I-T department,&rdquo; an official said.<br /><br />But the official auditor CAG may choose to do a performance audit of the scheme as a whole, the official said.<br /><br />&rdquo;It can audit the process followed in going about the scheme as well as how well it did. But no specific information on declaration made will either be gone into by the auditor or shall it be given,&rdquo; he said.<br /><br />The CAG had previously audited the Service Tax Voluntary Compliance Encouragement Scheme for the very same purpose.<br /><br />The last tax amnesty scheme of 1997 - The Voluntary Disclosure of Income Scheme (VDIS), too, was audited by the CAG.<br /><br />In its August 2000 report, CAG had found gaping holes and glaring defects in the VDIS saying it was drafted &ldquo;with a number of lacunae which in turn, were compounded by CBDT circulars, clarifications and press briefings that benefited the declarants&rdquo;.<br /><br />The implementation of VDIS, it said, left a number of gaps in the procedural matters with distinct impact on revenue realisation.<br /><br />The official said no adverse action shall be taken by the Financial Intelligence Unit or the income-tax department solely on the basis of the declarations made under IDS.<br /><br />Also, no enquiry or investigation shall be launched on undisclosed income and assets declared under the scheme even if evidence is found subsequently during search or survey proceedings.<br /><br />Specific information on declarations will not be shared with anyone, including investigating agencies, he said..</div>                                                           
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    <br><a href="http://www.telegraphindia.com/1161002/jsp/frontpage/story_111456.jsp#.V_C5q_T3_N4" class="re" target="_blank">The Telegraph, 2 October, 2016, http://www.telegraphindia.com/1161002/jsp/frontpage/story_111456.jsp#.V_C5q_T3_N4</a><div class="clear"></div>
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Home हिन्दी

CAG may audit process of black-money scheme, not individual declarations

Published on Oct 2, 2016   Modified on Oct 2, 2016

-PTI New Delhi: The Comptroller & Auditor General of India (CAG) may do a performance audit of the just-ended black money disclosure scheme, but will not get into the disclosures made. As much as Rs 65,250 crore of undeclared assets were declared through 64,275 declarations in the one-time four-month compliance window provided under the Income Disclosure Scheme (IDS), which closed on September 30. ”The information filed under the IDS is confidential and will neither be shared with any law enforcement agency nor any enquiry be launched by the I-T department,” an official said. But the official auditor CAG may choose to do a performance audit of the scheme as a whole, the official said. ”It can audit the process followed in going about the scheme as well as how well it did. But no specific information on declaration made will either be gone into by the auditor or shall it be given,” he said. The CAG had previously audited the Service Tax Voluntary Compliance Encouragement Scheme for the very same purpose. The last tax amnesty scheme of 1997 - The Voluntary Disclosure of Income Scheme (VDIS), too, was audited by the CAG. In its August 2000 report, CAG had found gaping holes and glaring defects in the VDIS saying it was drafted “with a number of lacunae which in turn, were compounded by CBDT circulars, clarifications and press briefings that benefited the declarants”. The implementation of VDIS, it said, left a number of gaps in the procedural matters with distinct impact on revenue realisation. The official said no adverse action shall be taken by the Financial Intelligence Unit or the income-tax department solely on the basis of the declarations made under IDS. Also, no enquiry or investigation shall be launched on undisclosed income and assets declared under the scheme even if evidence is found subsequently during search or survey proceedings. Specific information on declarations will not be shared with anyone, including investigating agencies, he said..

The Telegraph, 2 October, 2016, http://www.telegraphindia.com/1161002/jsp/frontpage/story_111456.jsp#.V_C5q_T3_N4

Tagged with: Comptroller and Auditor-General CAG Tax Evasion Tax Payers Tax Revenue Tax/GDP ratio Taxation Income Tax black money Income Disclosure Scheme (IDS)

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