Consider the following statements with respect to "Project insight" in India:

  1. The project aims at widening the tax base by nabbing tax evaders using technology.
  2. The project makes it mandatory to quote PAN for all transactions in excess of Rs. 2 lakh.

Which of the above statements is/are correct?

Answer: [C] Both 1 & 2

Both are correct statements in this question.

This question is a part of GKToday's Integrated IAS General Studies Module