Finance Ministry to launch ˜Project Insight™ soon to tap the tax evaders owning Black Money

The Ministry of Finance (MOF) is likely come out soon with a big project called the ˜Project Insight™ for catching hold of the tax evaders in the country, for which the ministry has also floated a tender worth Rs. 150 crores to establish the project as discussed in the Parliamentary Standing Committee of finance to widen the tax base and which shall be handled under the ˜Project Insight™.

The project would involve the highest degree of data analytics and software and the infrastructure that goes along with the ˜Project Insight™.

The project is also aimed to rank the tax evaders in terms of the quantum of tax evaded, so that the highest amount of the tax evaders can become the targets for the ministry.

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