I-T scanner on property registered over ~30 lakh

The income tax( I-T) department is matching the“tax profiles” of all property registrations of above ~30 lakh under the provisions of the Ben ami Act, as action against illicit asset holders is set to intensify, Central Board of Direct Taxes( CB D T) Chairman Sushi lC hand ra said on Tuesday. He said the department is also investigating shell companies whose operations were recently" de barred" by the government as part of the drive to check black money generation.