Instead of giving up too soon, if all of
us keep trying again and again , we would be able to make a change in our
Social , Political , Economic environment
A case in point
Following report appeared in media, a few days back :
A CASE
:
-----------------------------------------------------------------------------------------
I-T lens on 68
lakh non-filers who made high-value transactions
NEW DELHI: The income tax department has identified an
additional 67.54 lakh non-filers who carried out high-value transactions in the
2014-15 financial year, but did not file tax
returns for 2015-16.
The I-T department is set to initiate action
against these people soon.
The information was collected from banks and other financial institutions.
Data analysis carried out by the Central Board of Direct Taxes+ (CBDT) identifies non-filers about whom specific information is available in transaction reports received in its databases from various sources.
The information was collected from banks and other financial institutions.
Data analysis carried out by the Central Board of Direct Taxes+ (CBDT) identifies non-filers about whom specific information is available in transaction reports received in its databases from various sources.
The analysis is
carried out as part of the I-T department's Non-filers Monitoring System (NMS) which is meant to identify non-filers
with potential tax liabilities.
A CBDT press release said that the I-T department had identified the 67.54 lakh people by conducting its fifth cycle of data matching.
The department is in the process of sending notices to these non-filers to now account for their transactions and pay taxes as applicable.
The non-filers can access details of their transactions when they log on to the e-filing portal with their PAN, the CBDT said.
The PAN holder will be able to respond
electronically and retain a copy of the submitted response.
-----------------------------------------------------------------------------------------
POINT :
I sent
following blogs / emails to NDA ministers / Secretaries etc , over the past
2 years :
Thursday, 26 August 2016
Still a long way to go
!
Times of India ( 26 Aug 2016 ) carries following news report :
" CVC
TELLS CBI TO SHARE DETAILS OF
BIG-TICKET FRAUDS WITH ED "
" The Central Bureau of Investigation has been asked by
the CVC to share details on
big ticket frauds with the Enforcement Directorate so that the provisions of anti-money
laundering Act can be invoked at the stage of investigation itself.
The decision comes as there have been cases of
corporate frauds involving crores of rupees.
The CVC has asked CBI to share relevant details on big ticket frauds with the ED so that provisions of Prevention of Money Laundering Act can be invoked at the stage of investigation itself, officials said today.
They said it will help in taking stringent
action against the fraudsters during the investigation stage itself.
There has been cases where ED is roped in at later stage by the CBI and at times, it results in losing out crucial leads and also cause delay in punishing the accused or trace money laundered by them, the sources said, adding that the CBI has started sharing relevant details with the ED.
In a related development, the CBI has also been made
the nodal authority for public sector banks to report high value frauds worth
over Rs 50 crore.
A Joint Director level officer has been authorized in the CBI to receive complaints of the frauds from the banks. After receiving such reports, the officer can recommend investigation by any of the agency's wings ( Anti Corruption, Economic Offences or Bank Security and Fraud Cell ).
The Chief Vigilance Officers, who act as distant arm of Central
Vigilance Commission (CVC)
to check corruption, of banks have been asked to act as nodal officers to
coordinate in reporting such cases to the CBI.
A total of 171 bank fraud cases involving funds of over Rs 20,000 crore were probed by the CBI last year. "
There is no doubt , this type of co-ordination between different
Agencies of the Government dealing with Economic Fraud will help , but what will bring about a complete SEA CHANGE in the process of quickly catching
the culprits , will only happen when my following suggestion ( sent as hard-copy to PMO on 06
Nov 2014 )
, gets implemented :
-----------------------------------------------------------------------------------------
06 Nov 2014
E - Governance ?
Can e-Governance help eliminate corruption ?
Most certainly
Look at the following , partial list of Central and State
Agencies set
up to fight fraud , money-laundering , corruption , tax-evasion , economic
crimes etc :
* Public Accounts Committee
( PAC )
* Central Vigilance Commission
( CVC )
* Central Information Commission
( CIC )
* Research and Analysis
Wing (
RAW )
* Serious Fraud Investigation Office (
SFIO )
* Information
Bureau
( IB )
* Economic Offence
Wing
( EOW )
* Central Bureau of
Investigation ( CBI )
* Department of Revenue Intelligence ( DRI )
* Comptroller and Auditor
General ( CAG )
* Anti Corruption Bureaus ( States ).... ( ACB
)
* Enforcement
Directorate
( ED )
* Lok Ayukts ( States
)
* Lok Pal
( Central )
Despite such an army of Agencies , how do corrupt manage to get
away ?
Or , in case caught , manage to delay delivery of punishment for
years ?
No doubt , there must be several reasons , including , inter -
agency rivalry to get credit - something difficult to eliminate altogether
But , I believe , the most important reason is :
Lack of a COMMON / COMPUTERIZED database of all offences / cases
/ persons being investigated
And , which is readily " Accessible "
to all of these Agencies , all over the country ( 24 *
365 )
Already , every Agency compiles huge dossiers on " Suspects " in its own
" Departmental Database " , which is never shared with
other Agencies ,
leading to ,
* Huge amount of duplication of efforts / information
* Fractured / scattered profiles of " Suspects "
* Enormous waste of time / resources
What will help ?
* Dismantling of
individual departmental databases
* Merging of
all Agency-wise databases into a SINGLE / UNIQUE database
* All Agencies to enter their findings / data / info into
this COMMON
database , with
nothing preserved on local computers
* All data-entry FORMS to be ONLINE .
No paper forms at all
* All local computers connected to ultra-secure
Network ( Encrypted )
* " Access Rights " to individuals , based on Biometric
Identification
I believe , not only such an " INTEGRATION OF DATABASES " is highly desirable , it is
also ENTIRELY POSSIBLE , if there is a POLITICAL WILL
And I don't think , this will require passing of any law in the
Parliament
-----------------------------------------------------------------------------------------
I am getting to
believe that the NDA ministers and
Secretaries , do find time to read my daily
E Mails !
-----------------------------------------------------------------------------------------
25 Dec
2016
www.hemenparekh.in
/ blogs
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