FIU
**Overview:
**The FIU dataset plays a crucial role in managing financial intelligence related to income tax disputes, assisting finance, tax, and legal departments in identifying and addressing potential tax liabilities and disputes.
FIU Official Source Data
| Attribute | Details |
|---|---|
| Full Form | Financial Intelligence Unit |
| Departments Involved | Finance, Tax, Legal |
| Key Risks Identified | Income tax disputes, Directors listed as defaulters, Potential tax liabilities, Tax planning strategies |
| Focus Areas | Monitoring directors listed as defaulters, Assessing potential tax liabilities, Formulating tax planning strategies |
| Source | FIU (https://fiuindia.gov.in/files/Compliance_Orders/orders.html) |
| Period Source | 2013 |
| Compliance Framework | Ensures compliance with tax regulations, helping organizations navigate income tax disputes and liabilities |
| Used For | Litigation history, Defaulter & Blacklist mentions, Promoter & Related Party quality analysis |
Data Management and Maintenance
The FIU dataset is updated on a as the cases are filed/resolved basis as cases are filed or resolved. Data is fetched entirely from the source and backed up in a local MySQL database, ensuring prompt and efficient access for analysis.
Compliance and Regulatory Framework
The FIU dataset assists businesses in adhering to tax laws, identifying directors listed as defaulters, and managing potential tax liabilities. Regular updates ensure the dataset remains current and relevant for tax planning and compliance purposes.