Here’s how the government’s new portal to investigate tax defaulters as part of its campaign against black money will work:
- Portal will identify those who have made large deposits or purchases that are not in line with their declared income
- Details of raids by Income Tax department will be put up on the website and gover nment will rate defaulters from high to low risk
- The infor mation will be kept confidential and can be accessed by logging on to cleanmoney.gov.in using PAN details
- The website can be used by individuals to e-verify their cash deposits and transactions
- Data analytics will be used to pick cases for verification, based on risk criteria. If a case is selected for verification, a request for additional information and its response will be communicated electronically