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Foreign Remittance Verification

Income Tax Department Launches Verification of Suspicious Foreign Remittances

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Foreign Remittance Verification Drive | विदेशी Remittance Verification अभियान

Why in News? | चर्चा में क्यों?

The Income Tax Department launched a nationwide verification exercise involving entities suspected of irregular foreign remittances.

Income Tax Department ने suspicious irregular foreign remittances से जुड़े entities के खिलाफ nationwide verification exercise शुरू की।

Scale | दायरा

The exercise covered hundreds of entities across India, including entities located in states sharing international land borders.

exercise में पूरे भारत के hundreds of entities शामिल थे, जिनमें international land borders वाले states के entities भी शामिल थे।

Issues Under Scrutiny | जाँच के प्रमुख मुद्दे

  • Mismatch between declared turnover and overseas remittances. / declared turnover और overseas remittances में mismatch।
  • Entities operating from doubtful or incorrect addresses. / doubtful या incorrect addresses से operating entities।
  • Questionable claims regarding software, freight and consultancy payments. / software, freight और consultancy payments से जुड़े questionable claims।
  • Suspected bogus charitable donations and accommodation entries. / suspected bogus charitable donations और accommodation entries।

Form 15CB | Form 15CB

Form 15CB is a certificate issued by a Chartered Accountant in specified foreign-remittance cases regarding tax-related compliance.

Form 15CB specified foreign-remittance cases में Chartered Accountant द्वारा tax-related compliance के संबंध में issued certificate है।

CBDT | CBDT

The Central Board of Direct Taxes is the apex administrative and policy-making body for direct taxes under the Department of Revenue.

Central Board of Direct Taxes Department of Revenue के अंतर्गत direct taxes की apex administrative और policy-making body है।



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