Poket News

Income Tax dept to share taxpayers’ PAN, other data with SEBI

 

  • Central Board of Direct Taxes (CBDT), which frames policy for the tax department, had issued an order in this context under section 138 (1) of the I-T Act.
  • The sharing of information will be under three broad heads: request-based exchange of data, suo moto and automatic.
  • Expected to ink a MoU soon in order to implement decision & chalk out modalities of exchange of data, maintenance of confidentiality, mechanism for safe preservation of data and weeding out after usage.