Bank deposits, property registration, tax returns, PAN, social media posts, foreign travel and credit card statements under taxman’s scrutiny
analytics undertaking cross referencing of different data & raising red flags
to start action within next 3 months
As informal economy shrinks further post DeMo & GST, deploying data analytics is the future of tax administration, which is keen to increase the tax to GDP ratio.
Partner, Ashok Maheshwary & Associates.