“Project Insight” to catch hold of tax defaulters

The Income Tax department is engaged in “Project Insight” to catch hold of tax defaulters, by widening tax base and data mining.  Income tax department has signed a pact with L&T Infotech Ltd. For implementation of Project Insight.

New infrastructure is aimed at implementing FATCA [Foreign Account Tax Compliance Act]

Compliance Management CPC  also to be set up to promote voluntary compliance  and to enable resolution of simple compliance related issues in online manner without visiting Income Tax Office.

[Press Release dated 19-07-2016]