The Income Tax Department will sign an MoU with counter-terrorism platform National Intelligence Grid (NATGRID) to facilitate automatic exchange of information linked to bank accounts, PAN, tax returns and any other “mutually agreed” information with 10 agencies — Central Bureau of Investigation, Directorate of Revenue Intelligence, Enforcement Directorate, Central Board of Indirect Taxes & Customs, Cabinet Secretariat, Intelligence Bureau (IB), Directorate General of GST Intelligence, Narcotics Control Bureau (NCB), Financial Intelligence Unit (FIU), and National Investigation Agency (NIA).

In a separate order, the Central Board of Direct Taxes (CBDT) also notified four agencies — Cabinet Secretariat, IB, NCB and NIA — for disclosure of any information regarding tax assesses under Section 138 (1) of the Income-tax Act. At present, the Income Tax Department already shares information on tax assessees with over 50 notified agencies, including Registrar of Companies, Director of FIU, officers of the rank of Joint Director and above dealing with Foreign Exchange Management Act and Prevention of Money Laundering Act in the Enforcement Directorate, and Securities and Exchange Board of India.