Question

52. Project INSIGHT is related to –

• A. Enhancing interest of children in science and mathematics through innovative learning
• B. Intelligence gathering using big data analytics, to strengthen India’s counter terror architecture.
• C. Tracking and Preventing Tax evasion
• D. None of the above

Answer 1

The correct option is C Tracking and Preventing Tax evasion

Project Insight’ seeks to monitor high value transactions, with a view to curbing the circulation of black money. Project Insight’ is an integrated platform that will utilize vast amount of information easily available on social media to conduct raids online rather than traditional way of conducting random searches, known as tax raids.
It will use data mining, big data and analytics to scoop out tax evaders from social media platforms like Facebook, Twitter and Instagram. The Permanent Account Number (PAN) will be the unique identifier is used by the Income Tax department to link and analyse various transactions relating to the tax payers.