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
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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
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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 | Deposits scrutiny a challenge, says ex-CBDT chief -Vikas Dhoot    </title>
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-The Hindu

&ldquo;We have around 45 crore bank accounts and if 1% of such accounts are picked up for scrutiny, that itself will make 45 lakh cases. Is it humanly possible? No chance&rdquo;.

Former Central Board of Direct Taxes chairperson Sudhir Chandra,..."/>
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-The Hindu

&ldquo;We have around 45 crore bank accounts and if 1% of such accounts are picked up for scrutiny, that itself will make 45 lakh cases. Is it humanly possible? No chance&rdquo;.

Former Central Board of Direct Taxes chairperson Sudhir Chandra,..." />
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                            <div align="justify">-The Hindu<br /><br /><em>&ldquo;We have around 45 crore bank accounts and if 1% of such accounts are picked up for scrutiny, that itself will make 45 lakh cases. Is it humanly possible? No chance&rdquo;.<br /></em><br />Former Central Board of Direct Taxes chairperson Sudhir Chandra, who headed a high-level committee to tackle the black money menace back in 2011, has said that the Income Tax department will find it challenging to scrutinise all cash deposits in bank accounts, following the demonetisation of high-value currency notes.<br /><br />&ldquo;We have around 45 crore bank accounts and if one per cent of such accounts are picked up for scrutiny, that itself will make 45 lakh cases. Is it humanly possible? No chance,&rdquo; Mr. Chandra said. Even if each of the 4,000-5,000 officers in the IT department handled 100 cases each, such scrutinies could take a long time to complete.<br /><br />As per the existing Income Tax Act of 1961, there is a two-year time limit set for assessing officers to complete a taxpayer&rsquo;s assessment once her or his case is picked up for scrutiny, Mr. Chandra said.<br /><br />&ldquo;It has to be concluded within two years. How will that take place? So the department will have to be very, very selective. One per cent of bank accounts doesn&rsquo;t seem viable, so maybe 0.001 per cent [should be checked],&rdquo; he said.<br /><br />Please <a href="http://www.thehindu.com/news/national/Deposits-scrutiny-a-challenge-says-ex-CBDT-chief/article16900735.ece?homepage=true" title="http://www.thehindu.com/news/national/Deposits-scrutiny-a-challenge-says-ex-CBDT-chief/article16900735.ece?homepage=true">click here</a> to read more. <br /></div>                                                           
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                            <div align="justify">-The Hindu<br /><br /><em>&ldquo;We have around 45 crore bank accounts and if 1% of such accounts are picked up for scrutiny, that itself will make 45 lakh cases. Is it humanly possible? No chance&rdquo;.<br /></em><br />Former Central Board of Direct Taxes chairperson Sudhir Chandra, who headed a high-level committee to tackle the black money menace back in 2011, has said that the Income Tax department will find it challenging to scrutinise all cash deposits in bank accounts, following the demonetisation of high-value currency notes.<br /><br />&ldquo;We have around 45 crore bank accounts and if one per cent of such accounts are picked up for scrutiny, that itself will make 45 lakh cases. Is it humanly possible? No chance,&rdquo; Mr. Chandra said. Even if each of the 4,000-5,000 officers in the IT department handled 100 cases each, such scrutinies could take a long time to complete.<br /><br />As per the existing Income Tax Act of 1961, there is a two-year time limit set for assessing officers to complete a taxpayer&rsquo;s assessment once her or his case is picked up for scrutiny, Mr. Chandra said.<br /><br />&ldquo;It has to be concluded within two years. How will that take place? So the department will have to be very, very selective. One per cent of bank accounts doesn&rsquo;t seem viable, so maybe 0.001 per cent [should be checked],&rdquo; he said.<br /><br />Please <a href="http://www.thehindu.com/news/national/Deposits-scrutiny-a-challenge-says-ex-CBDT-chief/article16900735.ece?homepage=true" title="http://www.thehindu.com/news/national/Deposits-scrutiny-a-challenge-says-ex-CBDT-chief/article16900735.ece?homepage=true">click here</a> to read more. <br /></div>                                                           
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&ldquo;We have around 45 crore bank accounts and if 1% of such accounts are picked up for scrutiny, that itself will make 45 lakh cases. Is it humanly possible? No chance&rdquo;.

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&ldquo;We have around 45 crore bank accounts and if 1% of such accounts are picked up for scrutiny, that itself will make 45 lakh cases. Is it humanly possible? No chance&rdquo;.

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                            <div align="justify">-The Hindu<br /><br /><em>&ldquo;We have around 45 crore bank accounts and if 1% of such accounts are picked up for scrutiny, that itself will make 45 lakh cases. Is it humanly possible? No chance&rdquo;.<br /></em><br />Former Central Board of Direct Taxes chairperson Sudhir Chandra, who headed a high-level committee to tackle the black money menace back in 2011, has said that the Income Tax department will find it challenging to scrutinise all cash deposits in bank accounts, following the demonetisation of high-value currency notes.<br /><br />&ldquo;We have around 45 crore bank accounts and if one per cent of such accounts are picked up for scrutiny, that itself will make 45 lakh cases. Is it humanly possible? No chance,&rdquo; Mr. Chandra said. Even if each of the 4,000-5,000 officers in the IT department handled 100 cases each, such scrutinies could take a long time to complete.<br /><br />As per the existing Income Tax Act of 1961, there is a two-year time limit set for assessing officers to complete a taxpayer&rsquo;s assessment once her or his case is picked up for scrutiny, Mr. Chandra said.<br /><br />&ldquo;It has to be concluded within two years. How will that take place? So the department will have to be very, very selective. One per cent of bank accounts doesn&rsquo;t seem viable, so maybe 0.001 per cent [should be checked],&rdquo; he said.<br /><br />Please <a href="http://www.thehindu.com/news/national/Deposits-scrutiny-a-challenge-says-ex-CBDT-chief/article16900735.ece?homepage=true" title="http://www.thehindu.com/news/national/Deposits-scrutiny-a-challenge-says-ex-CBDT-chief/article16900735.ece?homepage=true">click here</a> to read more. <br /></div>                                                           
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Deposits scrutiny a challenge, says ex-CBDT chief -Vikas Dhoot

Published on Dec 19, 2016   Modified on Dec 19, 2016

-The Hindu “We have around 45 crore bank accounts and if 1% of such accounts are picked up for scrutiny, that itself will make 45 lakh cases. Is it humanly possible? No chance”. Former Central Board of Direct Taxes chairperson Sudhir Chandra, who headed a high-level committee to tackle the black money menace back in 2011, has said that the Income Tax department will find it challenging to scrutinise all cash deposits in bank accounts, following the demonetisation of high-value currency notes. “We have around 45 crore bank accounts and if one per cent of such accounts are picked up for scrutiny, that itself will make 45 lakh cases. Is it humanly possible? No chance,” Mr. Chandra said. Even if each of the 4,000-5,000 officers in the IT department handled 100 cases each, such scrutinies could take a long time to complete. As per the existing Income Tax Act of 1961, there is a two-year time limit set for assessing officers to complete a taxpayer’s assessment once her or his case is picked up for scrutiny, Mr. Chandra said. “It has to be concluded within two years. How will that take place? So the department will have to be very, very selective. One per cent of bank accounts doesn’t seem viable, so maybe 0.001 per cent [should be checked],” he said. Please click here to read more.

The Hindu, 18 December, 2016, http://www.thehindu.com/news/national/Deposits-scrutiny-a-challenge-says-ex-CBDT-chief/article16900735.ece?homepage=true

Tagged with: Central Board of Direct Taxation (CBDT) black money Bank Deposits Currency demonetisation Demonetisation Taxation

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