Cash Transaction Reports Sharing between CBDT & FIU-IND

Order under section 138(1)(a) of the Income-tax Act, 1961 for sharing of Information between CBDT and FIU-IND for effective processing of Cash Transaction Reports

F.No.225/349/2019/ITA.II
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes

New Delhi, the 16th July,2020

Order under section 138(1)(a) of the Income-tax Act,1961

In exercise of powers conferred under section 138( I )(a) of Income-tax Act, 1961 (‘Act’), the Central Board of Direct taxes (‘CBDT’) hereby directs that in addition to the Board, the Principal Director General of Income-tax (Systems), New Delhi shall also be the specified income-tax authority for furnishing/receiving information respecting assessees in relation to CTRs (Cash Transaction Reports) to Director, FIU-IND, who has been notified vide Notification No. 19/2013 dated 12 .03.2013 as one of the authorities by the Central Government for the purposes of sub-clause(ii) of clause (a) of sub-section (I) of section 138 of the Act.

2. The data /information to be furnished by the specified income-tax authority to FIU-IND on request basis shall be:

A. For CTRs where FIU-IND has provided PAN:

(i) PAN Name: (ii) Father/Husband’s Name (as applicable); (iii) PAN Address/Last ITR address: (iv) PAN Creation Date: (v) Date of Birth/Date of Incorporation; (vi) Last year of Return Filing; (vii) Gross Total Income Range (viii) Turnover Range : and (ix) Any other information. the modalities of which shall be decided by the specified authorities.

B. For CTRs where FIU-IND does not have PAN:

(i) A dump of PAN database with FIU-IND to enable it to search for the PAN

(ii) Once the PAN is available with FIU-IND. the data fie Ids as mentioned above shall be shared.

3. While furnishing the information, the specified income-tax authority shall form an opinion that sharing of such information is necessary for the purposes of enabling the FIU-IND to perform its functions under its respective laws.

5. A copy of MoU shall be forwarded to this division for record purposes.

(Rajarajeswari  R.)
Under Secretary, (ITA-II), CBDT

Copy forwarded to:-

1. PPS to FM/ Dir(FMO)/OSD TO MoS (R)/ PPS to RS/PPS to chairman, CBDT and all Members, CBDT

2. FATF Cell, DoR,CBDT

3. Director,FIU-IND.

4 .  Pr. DGIT (Systems), New Delhi

5. All Pro CCsIT/Pr. DGsIT for kind information

6.   ADG(S)-4, New Delhi, for placing on the website:www.incometaxindia.Gov.in

7. JCIT, Date base Cell for uploading on www.irsofficersonline.gov.in

8. Guard File

(Rajarajeswari  R.)
Under Secretary, (ITA-II), CBDT