Committee on black money to meet for the first time today

The CBDT chairman-led committee to look into measures to curb black money in the country is likely to hold its first meeting today.

The panel under new CBDT chief Prakash Chandra comprises top officials drawn from several law enforcement agencies.
 
According to a source, all participating officials from different agencies would bring their expertise to the table on the subject. 

The existing legal and administrative framework for dealing with black money generation through illegal means would be discussed at the meeting. 

The committee's agenda includes measures such as declaration of illegal wealth as national asset, enactment and amendment of laws to allow confiscation and recovery of such assets and provision of exemplary punishment to the perpetrators.

Other committee members include CBDT member, legislation and computerisation (L&C), director of the Enforcement Directorate, director general of Directorate of Revenue Intelligence (DRI), director general (currency), CBDT joint secretary (foreign trade and tax research) and Financial Intelligence Unit- India (FIU-IND) joint secretary.
 
The committee's member secretary is the CBDT commissioner of income tax (investigation).