Income Tax Dept warns public against cash dealings of Rs 2 lakh or more saying that the receiver of the amount will have to cough up an equal amount as penalty.

Don’t Share Income Tax e-filing account password with Bankers says Income Tax Dept

Official Account of the Income Tax Department, Government of India has strongly advised that your Income Tax e-filing account password should not be shared with anyone. In case the Bank official requires any documents from your e-filing account,please ensure that the same are generated & provided by you yourself. The IT Dept was replying to a tweet by a user who tweeted as under.

It is observed that many bankers asks the customers to share their Income Tax or GST account user ID and passwords so as to verify the genuineness of the Returns submitted. However this may lead to unwarranted Information Technology related issues, this also is a cause of concern as the information shared may be misused further. This is also unwarranted from the point of view of The Information Technology Act. Bank customers are advised to share the above reply of Income Tax Department with the banks who asks the same.


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