Sharing of asset details as per Return of Wealth with Public Sector Banks-reg.

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..... ring of asset details as per Return of Wealth with Public Sector Banks-reg. Sir, During a review meeting on the performance of Public Sector Banks (PSBs) taken by Finance Minister on 5.3.2014, the PSBs raised concern that the details of assets as available in the Wealth Tax Returns of loan defaulters are not being shared by Income Tax Department with the Banks despite repeated requests. .....

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..... such information to PSBs is in public interest. CBDT in this context clarifies that information on assets of loan defaulters to enable recovery of loans by PSBs from such defaulters is in public interest. 4. It is further clarified that such information may be provided in respect of the borrower/mortgager/guarantor of the loan only. At the time of supply of such information a confidentiality cl .....

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..... brought to the notice of all DGsIT, CCsIT and CsIT of your charge. (Ekta Jain) Deputy Secretary (OT) Copy to: 1. Database Cell for display on irsofficers website 2. Guard File (Ekta Jain) Deputy Secretary (OT) OT Section, II floor, Room No. 282, Hotel Samrat, Kautilya Marg Chanakyapuri, New Delhi- 110021 Telephone: 24671572 Fax- 011-24101573 .....

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