Ripples Advisory Private Limited is one of the pioneers in the Indian financial tips industry to adopt best practices in research and delivery of its services to clients. Our company believes on the maximum customer support and prompt solution of all the queries regarding stock market. We are the SEBI registered advisory firm in India & provide you all investment recommendation in both segments.
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.