The Centre is committed to curb the circulation of black money and widen tax base, a senior Income Tax official said here on Thursday.
Kolkata: The Centre is committed to curb the circulation of black money and widen tax base, a senior Income Tax official said here on Thursday.
The Additional Director, Income Tax (Intelligence and Criminal Investigation), West Bengal and Sikkim, Priyabrata Pramanik urged people to come forward voluntarily to furnish transaction details with IT department to curb the menace of black money in the country.
For collecting information of certain types of transactions from third parties in a non-intrusive manner, the Income-tax Rules require quoting of Permanent Account Number (PAN) where the transactions exceed a specified limit, he said adding that "Persons who do not hold PAN are required to fill up Form 60."
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