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I-T dept scanning profiles of property registered over Rs 30 lakh

I-T dept scanning profiles of property registered over Rs 30 lakh

Tuesday, November 14, 2017, 11:18 PM

The Income Tax Department is matching the "tax profiles" of all property registrations of above Rs 30 lakh under the provisions of the anti-Benami Act, as action against illicit asset holders is set to intensify, the CBDT Chairman Sushil Chandra said on Tuesday. He said the taxman is also investigating those shell companies and their directors whose operations were recently debarred.
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