Monday, 30 January 2017

Income Tax department to use Big Data to trace multiple PAN holders

In order to fix tax loopholes, the Income Tax (IT) department will use Big Data analytics to find out evaders by collecting information such as common address, mobile number and email address to establish relationship between their multiple PANs. The department, with support from private firms, will analyse the voluminous data available post demonetization for checking relationships between PAN holders. 

The I-T department plans to hire the Managed Service Provider (MSP) which will design and operationalise analytical solution that will help in collating data, matching it and identifying relationships as well as clustering of PAN and non-PAN data, an official said.

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