‘Clean Money’ portal will build transparent tax administration system
 Source : News Bharati English  Date : 17-May-2017

New Delhi, May 17: India’s fight with corruption is an ongoing but a successful process, where every citizen is individually fighting. On Tuesday Finance Minister Arun Jaitley launched ‘Clean Money’ portal with a new effort against untaxed money.

While addressing the media, Arun Jaitley said that the website has been launched to benefit honest taxpayers and to encourage people to pay taxes. ‘Clean Money’ portal will put up the records of IT raids conducted and will rate defaulters under various categories. Black Money Portal had been launched to help the honest tax payer, he said. People should expect a further increase in tax returns going ahead, he added.

“Post demonetisation, personal income tax return filing has gone up due to ownership of unanimous money being identified with additional 91 lakh tax deposits. There have been 18 Lakh people who have been identified by the Central Board of Direct Taxes (CBDT) after demonetisation with respect to irregularities in tax payment and income band. The new website is only to benefit honest taxpayers,” said Jaitley.

How will the ‘Clean Money’ portal work?

1)After Logging-in to the portal https://incometaxindiaefiling.gov.in taxpayers identified by CBDT will be made available in the e-filing window

2) The PAN holder would be able to access and view the information using the link “Cash Transactions 2016” under “Compliance” section of the portal and submit online explanation without visiting Income Tax office.

3) An e-mail and SMS will be sent to the taxpayers after submitting an online response on the e-filing portal. Registered taxpayers would be required to verify and update their email address and mobile number on the e-filing portal to receive electronic communication.

4) The information on the online portal will be getting updated regularly on receipt of new information, response and data analytics.