Income-tax
Department has initiated Project Insight to focus on three goals,
namely (i) to promote voluntary compliance and deter
noncompliance; (ii) to impart confidence that all eligible persons
pay appropriate tax; and (iii) to promote fair and judicious tax
administration.
Under this project an integrated data warehousing
and business intelligence platform is being rolled out in a phased
manner. The project also operationalizes two new centres namely
Income Tax Transaction Analysis Centre (INTRAC) and Compliance
Management Centralized Processing Centre (CMCPC).
The Income Tax Transaction Analysis Centre (INTRAC) leverages data analytics in
tax administration and performs tasks related to data integration,
data processing, data quality monitoring, data warehousing, master
data management, data analytics, web/text mining, alert
generation, compliance management, enterprise reporting and
research support.
The Compliance Management Centralized Processing
Centre (CMCPC) uses campaign management approach (consisting of
emails, SMS, reminders, outbound calls, letters) to support
voluntary compliance and resolution of compliance issues. A
dedicated compliance portal would be used to capture response on
compliance issues in a structured manner for effective compliance
monitoring and evaluation.
Reporting Portal
Reporting Portal is one of the critical components of Insight Platform to collect
information from Reporting Entity. The portal can be accessed at
https://report.insight.gov.in. The reporting portal has been
designed as an integrated portal for all third party reporting
activities. The reporting portal provides enhancements (over
present upload on e-filing portal) in following aspects:
i.
Seamless data processing & quality monitoring
ii. Data encryption
for enhanced security
iii. Seamless information exchange with
reporting entities
iv. Comprehensive resources module for capacity
building
v. Seamless reporting entity compliance management
vi.
Dedicated helpdesk support