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Operation clean money: PM Narendra Modi wants more action against tax evasion, hints at amending benami property law
May 03, 2017
- Determined to take the war against black money and tax evasion to its logical end, Prime Minister Narendra Modi on Tuesday asked tax officials to implement the so-called Operation Clean Money (OCM) with gusto.
- He also hinted at reinforcing the Benami Transactions (Prohibition) Amendment Act, 2016, to give enforcement agencies extra teeth.
- Reviewing several issues related to taxation — including the planned July 1 roll-out of the goods and services tax — with senior revenue department officials, Modi also urged the income-tax department to implement e-assessment soon.
- Currently, the paperless assessment is limited to pilot projects being run in seven Metro cities namely Delhi, Mumbai, Ahmedabad, Bengaluru, Chennai, Hyderabad and Kolkata.
