I-T Dept Builds Data ‘Warehouse’ To Track Blackmoney

by CXOtoday News Desk    Aug 05, 2014

data growth

In an effort to track blackmoney in India’s economic channels, the Income Tax department is creating a new “warehouse” of business related intelligence and funds data which will empower the tax officers to check multiple trends of expenses made by individuals and entities.

The Income Tax department, already has databases to undertake a 360-degree profiling of a person based on PAN card information or debit or credit card usage, and has named the new project Data Warehousing and Business Intelligence (DWBI), which it plans to operationalize by early 2015.

The proposal to activate this powerful and state-of-the-art database and a host of other unique investigative tools was recently approved by the top brass of the IT department and the Central Board of Direct Taxes (CBDT) during the annual conference of the Chief Commissioners and Directors General of IT held in the national capital.

“The department is now scouting for a land and space for basing the project somewhere in the northern parts of India. The new database will collate all electronic and manual intelligence and other information collected by the investigation and snoop wings of the department,” a senior Income Tax officer told PTI. The DWBI project, according to a blueprint prepared by the CBDT, aims to “streamline and enhance the non-intrusive surveillance capabilities of the Income Tax and for harnessing the potential of information being collected,” he said.

The warehouse will not only store and add to it information that the Income tax database has till now like PAN card information, tax returns and a host of banking related information, it will also have the ability to generate information from the open source available on the Internet. It already has a Integrated Taxpayer Data Management System (ITDMS) which keeps a track of the electronic spending of an individual, entity or a taxpayer.

The department, over the years, has decided to gradually shift from regular search and survey operations to non-intrusive methods of data mining through electronic databases and information available through electronic portals of banking and other financial intermediaries. Through this new data warehouse, the Income Tax department has decided to bring on one platform the portals of both its investigation and criminal investigation units in an attempt to widen the tax base and check undisclosed income, says the agency.