Soon, these 10 intel agencies will have access to your PAN, bank details

The Income Tax Department will share PAN and bank account details of any entity with 10 investigative and intelligence agencies, including the CBI and the NIA, under the integrated counter-terrorism platform NATGRID, according to an official order.

The Central Board of Direct Taxes, which frames policy for the I-T Department, said in a July 21 order that information like a permanent account number (PAN), Tax Deduction and Collection Account Number (TAN), bank account details, a summary of IT Returns and tax deducted at source (TDS) and “any other information as mutually agreed” will be shared with the 10 agencies.

The “furnishing and receiving of information to and from” these central agencies will be done through the National Intelligence Grid (NATGRID), a robust mechanism envisaged to track suspects and prevent terrorist attacks with real-time data and access to classified information like immigration, banking, individual taxpayers, air and train travels.