Income Tax Department flags bogus deduction claims using data analytics; know how technology tracks tax fraud
New Delhi, Aug. 6 -- The Income Tax Department has detected several cases of wrongful tax relief and deduction claims through advanced technology, rigorous verification exercises, enforcement actions, and data analytics, the Finance Ministry informed the Lok Sabha.
These cases were corroborated through surveys and thorough searches of entities, individuals and intermediaries suspected of facilitating fraudulent claims. The details were provided by Pankaj Chaudhary, Minister of State for Finance, in a written reply to several unstarred questions in the Lok Sabha on 3 August.
The Central Board of Direct Taxes (CBDT) has enhanced its technology-based monitoring system by conducting intensive research and analyzing information from multiple...
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