Income tax Department will share Information with 10 Investigating Agencies

The Income Tax Department will share PAN and bank account details of any entity with 10 Investigating and Intelligence Agencies, including CBI and NIA, through the anti-terrorism platform Natgrid. This information was given in a government order.

The order said that the permanent account number (PAN), tax deduction and collection, bank account statement, summary of income tax returns and tax deducted at source (TDS), and any other information as mutually agreed will be shared with 10 agencies. The work of sharing information between these central investigative agencies will be done through the National Intelligence Grid (NATGRID).

NatGrid is a very effective mechanism to track a suspect and prevent terrorist attacks with real-time data. Through this, it is easy to get confidential information including details of train and air travel, immigration, banking of a person. Data between the ten agencies The sharing agreement has been agreed to include JDO (CBI), Directorate of Revenue Intelligence, Enforcement Directorate (ED), Central Board of Indirect Taxes and Customs, Cabinet Secretariat, Intelligence Bureau, Directorate General of GST Intelligence, Narcotics Control Bureau, Financial Intelligence Unit and National Investigation Agency is involved.

These agencies are already authorized to receive real-time data from Natgrid under the earlier legal system. The CBDT order states that an agreement will be signed between Natgrid and CBDT soon to finalize the latest information-sharing mechanism. According to a top official, the tax department and Natgrid already have an agreement in 2017 to share PAN related information. The new measure will make data sharing between all investigative and intelligence agencies better and confidential.