FIU and IT Department Join Hands to Check Suspicious Cash Transactions

The Income Tax Department has been allowed to share the PAN Card details of an individual entity with the Financial Intelligence Unit so that the FIU can investigate the possible sources of any large cash transaction. It will help in the detection of such suspicious transactions at banks. This has been allowed by the Central ..

Month: Current Affairs - July, 2020

Category: Economy & Banking Current Affairs

Topics: Central Board of Direct Taxes • CTR • Financial Intelligence Unit • Income Tax Department • PMLA • Suspicious Cash Transactions