Be careful: the tax information will not be given in full details then the income tax department will find out the Facebook account

Be careful: the tax information will not be given in full details then the income tax department will find out the Facebook account..It's hardly hard for anyone to get congratulations by putting new photos, homes or holidays on social media. But if you do not give these information in tax returns, be cautious as the government is going to start exploring social media accounts like Facebook-Instagram from August.The government will match the posting of disclosures of your lifestyle on movable assets and social media including bank accounts, so that the sources of expenses and income can be matched. The purpose of this exercise is to bring maximum number of people into the tax structure.
On condition of anonymity, an official said that on social media sharing, the tax authorities will be able to find out the raid on houses or offices without knowing whether people are trying to lure the government treasury by paying a small tax.
At present, existing data of credit card expenses, property, stock investment, cash purchase and deposits will also be sent to the new system. After checking the expenditure on social media, after the match with tax, the central team will send messages to suspected citizens by posting or emailing that they fill their tax returns.
Drill faster than next year
In the second phase of the project, data analysis will be sorted out. Investigations will be done in suspected cases of expenditure and tax disturbances. The third and final phase will start from May 2018, when advanced systems will already detect the thieves by questioning them.
1,000 crore project
The government has created the world's largest biometric identity database under Project Insight. 1,000 crore has been spent in this seven years. For this, the services of Larsen & Toubro, India's largest engineering group, have been taken.
Britain has achieved great success
The UK started Connect Data Centers in 2010 to monitor social media accounts. According to the December 2016 report of Financial Accountant of London, tax officials have seized tax evasion of around 350 billion rupees. The case of legal action related to tax evasion has also increased from 165 to 1165.

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