CBDT directs I-T dept to share info of loan defaulters with banks

The Central Board of Direct Taxes has directed the Income Tax Department to share in “public interest” the details of assets and accounts of all such loan defaulters whose details are requested by the public sector banks.

The policy move is aimed to tighten the noose on such entities and extract recovery of public money.

Static/Current Takeaways Important For SBI PO/Clerk Mains:

  • Chairman of CBDT: P.C. Mody

Source: The Business Today

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