Simultaneously we are making our enforcement unit stronger so that the cases of tax evaders will be dealt with severely."
Speaking about it, Chandra said that action will be taken against the offenders under Black Money Act.
"We have got around Rs 124 crore under FATCA. Action will be taken against them (tax offenders). If it is found that they have not disclosed their income in their regular returns. Action in the black money tax (law) will be taken against them," he added.
He further said that CBDT had sent notices to everyone who filed their returns this year and also taken into account their economic activities.
"We have sent notices to everyone who filed their returns and we have taken into account the economic activities which they have undertaken so that even if they don't file returns, we will have to pass assessment order with that," the CBDT chief added.
"We issued 3.09 lakh notices last year on the basis of demonetisation data and many persons have filed returns into that," Chandra added.
The provisions of FATCA essentially provide for 30 per cent withholding tax on US source payments made to Foreign Institutions unless they enter into an agreement with the Internal Revenue Service to provide information about accounts held with them by USA persons or entities (firms/companies/trusts) controlled by US nationals. (ANI)