Opportunity to furnish unsecured-loan confirmations is required before reassessment initiation; proceedings require fresh consideration after taxpayer...
Under-reporting on a first reassessment return attracts penalty, while enhanced misreporting penalty requires proof of a statutory misreporting catego...
CBDT directs DGIT (Systems), New Delhi to share income tax information with Maharashtra's Women and Child Development Department for identifying beneficiaries under "Mukhyamantri Mazi Ladki Bahin Yojana". The information sharing mechanism involves furnishing Aadhaar/PAN details with response flags indicating return filing status and income threshold. DGIT (Systems) shall establish a Memorandum of Understanding with Maharashtra's notified authority, defining data transfer protocols, confidentiality measures, and preservation guidelines. The mechanism ensures secure and selective information exchange while maintaining taxpayer data privacy.
CBDT directs DGIT (Systems), New Delhi to share income tax information with Maharashtra's Women and Child Development Department for identifying beneficiaries under "Mukhyamantri Mazi Ladki Bahin Yojana". The information sharing mechanism involves furnishing Aadhaar/PAN details with response flags indicating return filing status and income threshold. DGIT (Systems) shall establish a Memorandum of Understanding with Maharashtra's notified authority, defining data transfer protocols, confidentiality measures, and preservation guidelines. The mechanism ensures secure and selective information exchange while maintaining taxpayer data privacy.
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