"We Must Challenge Frauds," Says PM Modi At Government Auditor's Conclave
Friday, November 22, 2019, 7:59 AM
Prime Minister Narendra Modi exhorted auditors to develop technical tools to check frauds and improve efficiency in government departments as well as play a role in making India a USD 5-trillion economy. PM Modi also emphasised that the government wants to move to evidence-backed policy making by 2022 and the CAG can contribute as a think tank by focusing on big data analysis.
Tighten scrutiny of tax exemption claims on farm income: CAG to I-T Departement
Thursday, August 1, 2019, 8:46 PM
Claims of tax exemption on farm income are on the radar of CAG, with the government's statutory auditor saying that tax officials need to scale up efforts to check evasion in such cases. The CAG also flagged the issue of abuse of tax exemption granted to charitable trusts and institutions, resulting in assessees whose activities were not 'charitable' in nature getting the benefit.
CAG raps income-tax department
Wednesday, July 31, 2019, 8:32 PM
In a scathing report, the CAG has panned the assessment process of the income-tax department (ITD), which it said is riddled with persistent and pervasive irregularities. The department, it said, suffered from structural weakness as well as the absence of appropriate institutional mechanism to address the issue. "Such irregularities were particularly noticeable in the assessment charges in Maharashtra and Delhi," the CAG said.