Targets set-"VAT n STT data to trace Tax evasion!!!"

Last updated: 30 July 2007

NEW DELHI: If you are planning to buy a large quantity of shares in a blue-chip company, better get your account books right. The government may soon use the security transaction tax (STT) data to track cases of income tax evasion. The Central Board of Direct Taxes (CBDT) has already set up a committee to find out how best the STT data, linked to PAN numbers of individual investors, can be used for IT purposes, sources in North Block told SundayET. The Board may soon set up a similar committ
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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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