IT Department can now track your PAN transactions
Advertisement
Advertisement
Advertisement
The Indian government is all set to launch a new PAN activity monitoring and analysis software. This tool would allow the Income Tax department to check transactions history of any individuals. The department expects this to help them effectively track the black money trail.The tool is currently being put through final tests by an elite team of tax sleuths and software analysts in Delhi. The new software would allow IT authorities to view enable the taxman to view transactions history of any individual or organization where a
The project is expected to start by the end of this month by the Finance Ministry. This would also enable the IT department and NSDL and UTIITSL to allocate a fresh PAN number and issue a new PAN card in 48 hours flat.
Image credit: Indiatimes
Advertisement
- Global stocks rally even as Sensex, Nifty fall sharply on Friday
- In second consecutive week of decline, forex kitty drops $2.28 bn to $640.33 bn
- SBI Life Q4 profit rises 4% to ₹811 crore
- IMD predicts severe heatwave conditions over East, South Peninsular India for next five days
- COVID lockdown-related school disruptions will continue to worsen students’ exam results into the 2030s: study