Black money: ‘Project Insight’ to help nab tax evaders
Q. What is the name of the project that is an ambitious project of the Union Finance Ministry to bring into net black money hoarders and tax evaders by using optimum technology?- Published on 08 Sep 15
a. Project Insight
b. Project Black Money
c. Project Money Laundering
d. Project Monitoring
ANSWER: Project Insight
For this project ministry recently floated a tender worth over Rs. 150 crore to buy data analytics software and related infrastructure. It will primarily track the Permanent Account Numbers (PAN) being quoted on financial transactions and tally them with income tax filings.