<h1>CBDT Launches ITR Filing Compliance Check for Banks to Monitor Non-Filers and Curb Black Money.</h1> The Central Board of Direct Taxes (CBDT) has introduced a new ITR Filing Compliance Check functionality for Scheduled Commercial Banks (SCBs) to verify income tax return filing status in bulk. This initiative aims to monitor cash withdrawals by non-filers and reduce black money. The Finance Act, 2020, mandates a lower cash withdrawal threshold for TDS applicability and a higher TDS rate for non-filers. SCBs can access the functionality via the Income-tax Department's Reporting Portal, upload PAN details, and receive filing status for the last three assessment years. Banks are advised to implement robust information security measures.