Fighting Black Money by I-T Dept.

SIT on Black Money Charts Road Map
  • Project Insight’, a new project is being readied by the Income Tax Department ahead of the upcoming Budget.
  • This could provide fresh ammunition to the NDA government’s fight against domestic black money. The scheme is focused on the processing of the details available about the country’s 22.94 crore PAN allottees.
  • The aim is to generate an actionable audit trail of high value transactions where a PAN number has been quoted, in any part of the country.