Project Insight Current Affairs, GK & News
Project Insight is the income-tax department’s ambitious project to track tax evasion. The department is expected to launch the project from May 2017. Under this project, the IT department envisages to effectively utilize the vast amount of information at its disposal to effectively check tax evasion. Key facts The tax department will set up a ..
The Union Finance Ministry is planning to launch ‘Project Insight’ from October 2017 to monitor high value transactions and detect tax evaders using technology with a view to curbing circulation of black money. To implement the project government has signed contract with Information Technogolgy major L&T Infotect Ltd. The project will add to list of ..
The Income Tax department is planning to implement the first phase of ‘Project Insight’ from May 2017 to monitor high value transactions, with a view to curbing the circulation of black money. This project has been initiated for data mining, collection, collation and processing of such information for effective risk management with a view to widening and ..