Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
Income Tax - Highlights / Catch Notes

Home Highlights February 2025 Year 2025 This

CBDT exercised authority under Sec 138(1)(a) of Income Tax Act ...


Income Tax Department Authorizes DGIT Systems to Share Taxpayer Data for PMGKAY Beneficiary Verification Under Section 138(1)(a)

February 5, 2025

Circulars     Income Tax

CBDT exercised authority under Sec 138(1)(a) of Income Tax Act to designate DGIT (Systems) as specified authority for sharing taxpayer information with DFPD to identify PMGKAY beneficiaries. The information sharing mechanism requires DFPD to provide Aadhaar/PAN details, whereupon DGIT Systems will respond with Yes/No/Not Available flags regarding income thresholds. For Aadhaar numbers not linked to PAN, unavailability will be indicated. The process necessitates an MoU between DGIT Systems and DFPD covering data transfer protocols, confidentiality measures, and preservation standards. The MoU must establish timelines and operational procedures while ensuring data security and appropriate disposal after use.

View Source

 


 

You may also like:

  1. Central Government exercised powers under s.138(1)(a)(ii) of Income Tax Act 1961 to designate Joint Secretary, DFPD as authorized official for accessing income tax...

  2. Royalty - Payment received by the taxpayer from British Airways in relation to alleged use of 'Altea system' cannot be characterized as 'royalty' either under the Act or...

  3. New Personal Income Tax Regime heralds significant relief, especially for Middle Class Taxpayers

  4. Karnataka State Natural Disaster Monitoring Centre (PAN: AAATD2434P), a body constituted by State Government of Karnataka, is exempted from income tax u/s 10(46) of...

  5. Export Data Processing and Monitoring System (EDPMS) - Issuance of Electronic Bank Realisation Certificate (eBRC) - FEMA

  6. SEBI directs Stock Exchanges, Depositories and Clearing Corporations to segregate data into two baskets - one shareable with public containing aggregate anonymized data,...

  7. Electronic Verification Code (EVC) for electronically filed Income Tax Return - procedures, data structure and standards - Notification

  8. ATTENTION: All DIRECTORS of ANY COMPANY Updating of Income Tax PAN details in MCA21 DIN DATA

  9. The Department initiated the case based on income tax documents, which were public documents, and the presumption is on their truthfulness. The difference in value based...

  10. Validity of reopening of assessment u/s 147 - CIRP proceedings - The proceedings under the Insolvency and Bankruptcy Code, 2016 (IBC) cannot be pressed into service to...

  11. Tax authority rejected rectification application filed by taxpayer for zero-rated supply citing violation of principles of natural justice. Court examined impugned...

  12. Doctrine of constitutional priority - Supremecy of attachment passed by the Tax Recovery Officer / Income Tax Department or to the mortgage created in favour of the...

  13. The assessee had been following the mercantile system of accounting, wherein book profits are taken for tax assessment, though credit or debit amounts may not be...

  14. The summary highlights the key difference between the scope of total income under the Income Tax Act and the Black Money (Undisclosed Foreign Income and Assets) and...

  15. Priority of secured creditors under the SARFAESI Act over claims by the Income Tax Department. The respondent mortgaged the property to the petitioner in 2013-14, prior...

 

Quick Updates:Latest Updates