New Delhi, July 15 (ANI): President Pratibha Patil on Friday said the war against the black money should be fought through domestic and cross-border measures.
Addressing the concluding ceremony of celebrations for 150 years of the Income Tax Department here, Patil said: "The war against black money has to be addressed both domestically and through cross-border measures."
"The thrust for better global co-operation has to be continued, through appropriate agreements on tax information exchange, and on mutual co-operation between countries to track down evaders taking shelter in other jurisdictions," she added.
Emphasizing the need for better global cooperation to track down tax evaders taking shelter in other countries, Patil said: "Undoubtedly the fostering of an environment of voluntary compliance will help, there is also need for putting in place measures, through laws and procedures, to ensure that recalcitrant tax evaders are brought to book.
Patil expressed confidence that with the widening of the present taxpayer base by about 3.5 crore taxpayers, the direct tax-to-GDP ratio should rise beyond the present figure of 6.1 per cent.
"Therefore, while congratulating the Income Tax Department on its performance till date, I exhort its personnel to rededicate themselves with fresh energy and fresh ideas, to the task of building a prosperous and modern India," a President office release quoted her , as saying. (ANI)
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