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<link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f2c33662540-trace').style.display = (document.getElementById('cakeErr67f2c33662540-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr67f2c33662540-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f2c33662540-code').style.display = (document.getElementById('cakeErr67f2c33662540-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f2c33662540-context').style.display = (document.getElementById('cakeErr67f2c33662540-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67f2c33662540-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700"><</span><span style="color: #0000BB">head</span><span style="color: #007700">>
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<span class="code-highlight"><code><span style="color: #000000"> <link rel="canonical" href="<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">); </span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">category</span><span style="color: #007700">-></span><span style="color: #0000BB">slug</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>/<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">seo_url</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>.html"/>
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-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..
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<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 />
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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.
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Cake\View\View::_render() - CORE/src/View/View.php, line 1374
Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927
Cake\View\View::render() - CORE/src/View/View.php, line 885
Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126
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Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51</pre></div></pre>latest-news-updates/cag-may-audit-process-of-black-money-scheme-not-individual-declarations-4680263.html"/>
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-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..."/>
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<strong>CAG may audit process of black-money scheme, not individual declarations</strong></h1>
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<div align="justify">-PTI<br /><br /><em>New Delhi: </em>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.<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 />”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.<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 />”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.<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 “with a number of lacunae which in turn, were compounded by CBDT circulars, clarifications and press briefings that benefited the declarants”.<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> </font>
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-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 />
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<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..
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<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 />
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Cake\View\View::render() - CORE/src/View/View.php, line 885
Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126
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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</pre></div></pre>latest-news-updates/cag-may-audit-process-of-black-money-scheme-not-individual-declarations-4680263.html"/>
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-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..."/>
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<strong>CAG may audit process of black-money scheme, not individual declarations</strong></h1>
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<div align="justify">-PTI<br /><br /><em>New Delhi: </em>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.<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 />”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.<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 />”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.<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 “with a number of lacunae which in turn, were compounded by CBDT circulars, clarifications and press briefings that benefited the declarants”.<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> </font>
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<link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f2c33662540-trace').style.display = (document.getElementById('cakeErr67f2c33662540-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr67f2c33662540-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f2c33662540-code').style.display = (document.getElementById('cakeErr67f2c33662540-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f2c33662540-context').style.display = (document.getElementById('cakeErr67f2c33662540-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67f2c33662540-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700"><</span><span style="color: #0000BB">head</span><span style="color: #007700">>
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-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..
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<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..
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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..."/>
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<strong>CAG may audit process of black-money scheme, not individual declarations</strong></h1>
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<div align="justify">-PTI<br /><br /><em>New Delhi: </em>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.<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 />”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.<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 />”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.<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 “with a number of lacunae which in turn, were compounded by CBDT circulars, clarifications and press briefings that benefited the declarants”.<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> </font>
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-PTI<br />
<br />
<em>New Delhi: </em>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.<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 />
”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.<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 />
”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.<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 “with a number of lacunae which in turn, were compounded by CBDT circulars, clarifications and press briefings that benefited the declarants”.<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..
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-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...',
'disp' => '<div align="justify">-PTI<br /><br /><em>New Delhi: </em>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.<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 />”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.<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 />”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.<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 “with a number of lacunae which in turn, were compounded by CBDT circulars, clarifications and press briefings that benefited the declarants”.<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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-PTI<br />
<br />
<em>New Delhi: </em>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.<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 />
”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.<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 />
”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.<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 “with a number of lacunae which in turn, were compounded by CBDT circulars, clarifications and press briefings that benefited the declarants”.<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..
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-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...'
$disp = '<div align="justify">-PTI<br /><br /><em>New Delhi: </em>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.<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 />”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.<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 />”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.<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 “with a number of lacunae which in turn, were compounded by CBDT circulars, clarifications and press briefings that benefited the declarants”.<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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LATEST NEWS UPDATES | CAG may audit process of black-money scheme, not individual declarations | Im4change.org
CAG may audit process of black-money scheme, not individual declarations
-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..
