June 8, 2011 7:08 PM

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Centre to set up another panel to trace tax defaulters

The government on Wednesday announced setting up of another panel to suggest ways to trace tax defaulters, reveal their identity to the public and recover taxes. The committee, set up by Central Board of Direct Taxes CBDT in the Finance Ministry, will also look into the possibility of putting the list of old defaulters in public domain.Headed by Ms. Anita Kapur, Director General of Income Tax, the committee will suggest ways to recover tax demand from assessees who are not traceable. It will also examine the possibility of engaging outside agencies to locate non-traceable assessees and their undisclosed assets.AIR correspondent reports that last month, the Government had set up a high level committee to suggest a legal framework for confiscating black money and declaring it a national asset. Besides, a study has also been instituted to quantify unaccounted income and wealth stashed within and outside the country.

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