The Central Board of Direct Taxes (CBDT), the apex-policy making- body of direct taxes in India recently issued an Office Memorandum to constitute a 7 member committee to recommend measures for expeditious recovery of tax arrears.
The committee, headed by shri. Aditya Vikram (Pr. DGIT), 5 other members and a member-secretary, is formed to advise the various tax recovery measures to the Board. The committee will submit its report by 15 July 2017.
One of the main function of the present committee is to review whether the Government’s new policy of “Naming and shaming” has served its purpose. The committee is entrusted with the following other functions;
The Government had appointed a committee with a similar objective in the year 2011. The committee, under the chairmanship of Anita Kapur, director general Income Tax (Admn) examined the ways to recover tax from non-traceable assessees or where assets are not available for recovery.
Read the full text of the Office Memorandum here.