Jaitley launches portal aimed at involving people in better tax administration
GN Bureau | May 17, 2017
Trying to make the most of the demonetisation drive, the government has taken yet another follow-up step and launched an Operation Clean Portal. Its aim is to “enable citizen engagement for creating a tax compliant society and transparent tax administration”.
Finance minister Arun Jaitley launched the portal on Tuesday.
Citizens are invited to become ‘clean money participants’ (there have been 69 so far), and ‘clean money supporters’ (17,586 so far). Also, the government will share ‘clean money success stories’, presumably after some success.
The portal offers ‘clean money analysis’ – an overview of share of cash deposits made during the demonetisation drive period of November 9 to December 30 by various taxpayer and business segment categories.
Operation Clean Money was initiated by the income tax department on January 31 with the launch of e-verification of large cash deposits made during demonetisation period. In the first phase, around 18 lakh persons were identified in whose case, cash transactions did not appear in line with the tax payer’s profile, according to an official statement. There has been “an encouraging response” to the online verification process and more than 9.72 lakh taxpayers submitted their response without visiting income tax office up to May 12, 2017.
These taxpayers have provided response for 13.33 lakh accounts involving cash deposits of around Rs 2.89 lakh crore. The online responses have been assessed and no further action will be taken in cases of satisfactory explanation.
The key features of the portal are:
In the next phase the operation, the high risk cases will be handled by selecting appropriate enforcement action (verification, search, survey, scrutiny). A targeted campaign will be initiated in cases with identified risk issues. The key components of the targeted campaign are:
In a scathing attack on media, political analyst Shehzad Poonawala has said that the time of media is gone and anyone with a smartphone and a social media account can be a journalist today. While speaking to Kailashnath Adhikari, MD, Governance Now, during the Visionary Talk seri
India is celebrating the 72nd Republic Day on Tuesday. Attendance at the main celebrations in the capital is limited given the pandemic, yet Covid-19 has not dampened the spirit of the occasion. India’s military might, cultural diversity and social-economic progress will be on display at the majestic
How much time do Indians spend talking on phone? It is on average 761 minutes per month, according to a new report from the Telecom Regulatory Authority of India (TRAI). The telecom regulator released its report, titled ‘The Indian Telecom Services Performance Indicators: July-Septemb
Renowned cardiologist Dr Ramakanta Panda has said that the pandemic has exposed the inadequacy of existing healthcare systems and it is wrong to draw comparisons with Korea, a country with the population equal to that of a single Indian state. While speaking to Kailashnath Adhikari, MD, Gove
The committee of experts appointed by the supreme court to deliberate with the stakeholders on the new farm laws held its first meeting here Tuesday, with one of its members saying that all stakeholders, including individual farmers, will be heard. Hearing a petition on the farm laws enacted
The nationwide vaccination campaign launched Saturday, the largest such exercise in the world, has started setting new benchmarks, with vaccines administered to 2,24,301 beneficiaries in the first two days. “India has vaccinated the highest number of persons on Day1 under its COVID19 v