As per a Press Release dated 21-07-2016, Income Tax
department has information about 90 lakh transactions in AIR where PAN is not
quoted. These transactions pertain to 2009-10 to 2016-17. Income Tax department
has identified 14 lakh transactions out of above.
The Income Tax department shall issue letters to identified
persons. Such persons can own or disown such transactions and provide online
response to transactions on efiling website. Where no response is received
action shall be initiated by the department.
The persons who received such letters can make use of
department’s helpline instead of making direct contact with Income Tax
Officials.
[Note: Department on 05-07-2016 also had issued a letter
regarding NON PAN AIR Information in which commissionrate wise list of 60 lacs
was provided.
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