Tax Department Amends Rules On Addresses- Shailesh Kumar

The CBDT has recently issued a notification to track taxpayers, which are not traceable/ reachable on address available with jurisdictional Assessing Officer/ PAN database of Income Tax department.  By this notification, CBDT has amended the relevant income tax rules and now the Tax Authorities can send notices to such taxpayers at any address, which is mentioned/ available elsewhere, such as Banks, Post Offices, Insurance Companies, other wings of the Income tax department, any other government authority or local authority.

Shailesh Kumar, Director- Direct Taxation shares his views on aforementioned story for Business Standard.