Why Is CBDT Launching AI-Powered Project Satya To Track Tax Evaders?
The Central Board of Direct Taxes (CBDT), in collaboration with the Defence Research and Development Organisation (DRDO), has unveiled an ambitious initiative named Project Satya. This AI-powered platform aims to revolutionize tax investigations by mapping digital trails, transforming raw data into actionable insights, and exposing hidden networks beyond conventional financial records.
What Is Project Satya?
By integrating advanced analytics, the system can reveal undisclosed networks and relationships, offering authorities an unprecedented tool to trace hidden money flows.
How Does The System Work?
Such automation not only accelerates investigations but also enhances accuracy, reducing reliance on manual scrutiny and improving the speed of enforcement actions.
Why Is It A Big Leap For CBDT?
The partnership with DRDO brings advanced technology expertise, ensuring scalability and security of this AI-led investigation framework.
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Written by Indian-Share-Tips.com, which is a SEBI Registered Advisory Services