Tag: data analytics
Posted in Economy
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…
Posted in Economy
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…
Posted in Economy
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…
Posted in Economy
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…