Tag: data analytics
AI and data analytics to power next phase of government audits, says CAG
New Delhi: The next phase of audit will be characterised by deeper integration of technology, the Comptroller and Auditor General (CAG) of India has said….
Centre plans faceless CGST scheme in 3-4 months, seeks to cut taxpayer-officer interface
New Delhi: The Centre plans to launch a faceless scheme under the Central Goods and Services Tax (CGST) on a pilot basis within the next…
GST returns, overseas investments, off-market stock deal come under AIS
New Delhi: The Income Tax Department is broadening the scope of financial information required for taxpayers’ annual information statements (AIS), bringing goods and services tax…
NDAP overhaul in works to handle surge in big data
New Delhi: India’s National Data and Analytics Platform (NDAP) architecture will undergo a major revamp as the government eyes substantial increase in the volume, velocity…
Income-Tax Department detects ₹700 crore in fraudulent exemption claims
New Delhi: The Income-Tax Department has detected a large number of fraudulent exemption claims by taxpayers and has incorporated additional risk assessment in processing of…