New Delhi: To curb the black money circulation in foreign lands, the government has deputed seven Indian Revenue Service (IRS) officers at the recently created units of the Income tax department at different Indian embassies situated in seven countries including US, UK, Germany.

These officers will keep a track on those who allegedly hoard black money and involve in such practices.

The seven Indian officers, who are to be appointed at various countries, were given the status of first secretaries for a period of three years. These officials will work at Indian embassies situated at Washington DC, London, Berlin, Paris, Hague (Netherlands), Abu Dhabi (UAE) and Nicosia (Cyprus).
According to official sources, very soon an official will be deputed to Japan also.

Finance Minister Pranab Mukherjee during his Budget speech mentioned that the funds allocated for setting up of various units of income tax department at Indian embassies in foreign countries have been increased. The Rs 2.41 crore that were provided for this operation in the previous fiscal has been raised to Rs 18.20 crore.

A senior I-T official said, “The deputed officials will keep a tab of illegal practice involving blackmoney along with handling the cases relating to tax evasion and international tax treaties.”

JPN/Bureau