Reducing discretionary powers of taxmen, the income tax department has asked its field officers to maintain digital records of summons, notices and special audit ordered by them.  In the new ‘Assessment Module’ for Income Tax Business Application (ITBA), an electronic platform for regular operations, the department has laid out functionality for issue of summons, notices and special audit.

  1. Shailesh Kumar, Director contributed quotes on aforementioned story for PTI( News Agency)

(This story has been picked up by 159 other news publication like Economic Times, Business Standard, DNA,Times of India, New Indian Express, Deccan Herarld etc)

Attached are links to the article

http://www.business-standard.com/article/pti-stories/tax-officers-to-maintain-digital-records-of-summons-notices-117020800371_1.html

http://www.newindianexpress.com/business/2017/feb/08/tax-officers-to-maintain-digital-records-of-summons-notices-1568344.html

http://economictimes.indiatimes.com/news/economy/policy/tax-officers-to-maintain-digital-records-of-summons-notices/articleshow/57036498.cms

http://timesofindia.indiatimes.com/business/india-business/tax-officers-to-maintain-digital-records-of-summons-notices/articleshow/57063365.cms

http://www.dnaindia.com/money/report-tax-officers-to-maintain-digital-records-of-summons-notices-2315953

  1. Neha Malhotra, Executive Director contributed an article on BUDGET 2017 clamps down on large cash transactions forFinancial Express

Attached is link to the article

http://www.financialexpress.com/budget/union-budget-2017-caps-large-cash-transactions-heres-how-it-impacts-you/544912/

3.       Rakesh Nangia, Managing Partner and Amit Agarwal, Partner with inputs from Amit Bhalla, Senior Manager and Ekta kohli contributed an article on Thin Capitalization: Global Best Practices Mixed with Indian Curry for TaxSutra.

Attached is link to the article

http://tp.taxsutra.com/experts/column?sid=335#head