IT dept to share vital data with MCA to nail down shell companies
The tax authorities will now relay audit reports of corporates and specific information from their I-T returns as also PAN data to the ministry of corporate affairs, as the government plans to crack down harder on shell companies.
Jul 27, 2017, 15:10 PM ISTTax dept leans on Big Data to mark out multiple PAN holders
To plug tax loopholes, the I-T department will use Big Data analytics to track down evaders by collecting information such as common address, mobile number and e-mail to establish relationship between their multiple PANs.
Jan 29, 2017, 12:17 PM IST