CBDT instructed I-T department to share loan defaulters with banks

CBDT

The Central Board of Direct Taxes has directed the Income Tax Department to share the details of the property and accounts of all the debt defaulters in "public interest", whose details have been requested by public sector banks.

The purpose of this policy is to curb such institutions and recover public money.

important facts-
  • CBDT Chairman: P.C. Modi
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