I-T dept identifies 90L non-PAN high-value deals
The Income Tax department has identified 90 lakh high-value transactions carried out without quoting PAN from 2009-10 to 2016-17, a release said on Thursday. The taxman will initially issue 7 lakh letters requesting the parties to provide their details, it added. The transactions were detected amid attempts to book maximum black money during the one-time compliance window closing September 30.