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Business Other News 15 Jul 2019 No need to snoop on ...

No need to snoop on social media: CBDT

DECCAN CHRONICLE. | NEELABH SRIVASTAVA
Published Jul 15, 2019, 1:47 am IST
Updated Jul 15, 2019, 1:47 am IST
We already get to know actual travel details or other financial transactions of a person from authentic sources.
He said the tax department does not need to undertake such measures as it is empowered to obtain various information and data sets from multiple agencies and possesses a strong data analytics setup to work out the source and destination of high-value transactions.  (Photo: ANI)
 He said the tax department does not need to undertake such measures as it is empowered to obtain various information and data sets from multiple agencies and possesses a strong data analytics setup to work out the source and destination of high-value transactions. (Photo: ANI)

New Delhi: It is a "misconception" to think that the Income Tax Department is snooping on social media posts related to exotic foreign tours or possession of expensive goods to check undisclosed income, CBDT Chairman P C Mody said.

He said the tax department does not need to undertake such measures as it is empowered to obtain various information and data sets from multiple agencies and possesses a strong data analytics setup to work out the source and destination of high-value transactions.

 

"We already get to know actual travel details or other financial transactions of a person from authentic sources," he said, asserting that there is no need for the department to go after Facebook or Instagram postings.

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Location: India, Delhi, New Delhi




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