CBDT to share information with Scheduled Commercial Banks
Order under section 138 of the Income-tax Act,1961 directing Principal Director General of Income-tax (Systems), New Delhi for sharing information on ‘IT Return filing Status’ of with Scheduled Commercial Banks.
The Central Board of Direct Taxes(`CBDT’), in exercise of powers conferred under section 138(1)(a)(i) of Income-tax Act, 1961 (‘Act’), hereby directs that Principal Director General of Income-tax (Systems), New Delhi shall be the specified income-tax authority for furnishing information to the ‘Scheduled Commercial Banks’, notified vide Notification No.71/2020 dated 31.08.2020 under sub-clause(ii) of clause (a) of sub-section (1) of section 138 of the Act.
- The information to be furnished shall be:
i. IT Return filing Status
3.. The Pr.DGIT(Systems) would notify the procedure and format for providing notified information to the Scheduled Commercial Banks after taking approval from CBDT.
- A copy of Notification shall be forwarded to this division for record purposes.
F. No. 225/136/2020/ITA.II
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
CBDT to share information with Scheduled Commercial Banks
EXTRACTS OF CBDT ORDER
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