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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.

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