L&T bags USD 100 million contract to snoop on tax evaders via social media

[TampaChinnodu]

The project involves creating a 'semantic web' where web pages are structured in such a way that can be directly read by computers.

 CBDT awarded Larsen & Toubro a USD 100 million project to check tax evasion through social media analytics.

Mumbai: The ambitious initiative to use social media analytics to identify tax non-compliance is a $100-million project for the infotech arm of engineering giant Larsen & Toubro, according to a company official.

Since the note ban last November, the government has been putting in lots of efforts to plug the loopholes in the taxation system using advanced technology and the attempt got an added focus since the Reserve Bank in June had admitted that as much 99 per cent of the banned banknotes had returned to the system, negating the stated intent of cancelling 87 per cent of the notes in circulation.

"That is really advanced analytics. Now, that is like a $100-million deal for us. It's not a small deal," LT Infotech chief executive and managing director Sanjay Jalona told PTI.

Terming the work awarded by the Central Board of Direct Taxes (CBDT) as a "high volume digital deal", he elaborated that the project involves creating a 'semantic web' where web pages are structured and tagged in such a way that can be directly read by the computers.

"We are creating a systematic web on a person. If his wife is going to Seychelles and putting photos on Instagram, we will capture it ... that is really advanced analytics," Jalona said.

It can be noted that in its efforts to shore up tax collections in a country with among the lowest tax to GDP ratios among its peers, the government has decided to use the best that data analytics offers.

A news report last month had said it was a multi-year contract where LTI would operate on a build-own-operate-transfer basis.     

Jalona said apart from the work on the CBDT project, the company, which was listed last year, is working on other high value digital deals well like a project to digitise parent L&T's construction vertical "at the core".

This project involves plan and machinery optimisation for the company through interventions like sharing of high cost assets, he said.

Jalona said the company is investing continuously in emerging digital technologies, which now constitutes 30 per cent of its revenue. He, however, asserted that margins will not be diluted as the company undergoes this change.

He said the proportion of digital revenues will keep growing and possibly in two years, everything may be digital for the industry.

He said the company is also focusing strongly on blockchain and pointed out to a slew of examples of work with Indian, American and European clients on the front.

The technology, which is basically a ledger that is not held by one person, but multiple parties in an open architecture, can be used very effectively for land records, Jalona said.

[Android_Halwa]

This is part of $1billion 'Project Insight' by CBDT to create a virtual program to identify and stop leakages in direct tax collection. 

Pack up...we just started data generation...and all this data is being linked up to unique identity...with in a decade, tax egottudu, kathalu padudu, hawala antha diwala...

sakkaga poetonbki emi fikar ledu....wrong routes kottetonki dukan bandh...

[evadra_rowdy]

Avanni chilum pattina tupaki ideas.vunna properies mottam adhaar ki link cheyamanu chalu

[Merabharathmahan]

intha dabbu information technology meeda spend chestunda indian government. Ee tax related meeda baga interest chupistunnaru bjp vallu ento. Direct ga politicians meeda ride chesthe ayipotadi ee dabbulanni migiltay. Politicians ni emo vadilesi aa damage antha common man nundi taxes theeskoni balance cheddam ani chustunnaru

[Android_Halwa]

18 minutes ago, Merabharathmahan said:

intha dabbu information technology meeda spend chestunda indian government. Ee tax related meeda baga interest chupistunnaru bjp vallu ento. Direct ga politicians meeda ride chesthe ayipotadi ee dabbulanni migiltay. Politicians ni emo vadilesi aa damage antha common man nundi taxes theeskoni balance cheddam ani chustunnaru

Politicians ni evaru vadulutunnaru ?

idoka pedda chain of events laga ayipoindi...

edaina cheyadam start pedithe, age old complaint, politicians no vadilestunaru, andari patukuntunnaru.

Aadhar is mandatory for politicians as well and this is the key. Nothing happens overnight and when the cash trail is being followed, sooner or later, even the big fish will fall into the trap. 

complaint complaint..evadu emi chesi elagapettadu...edanna cheyabotunte, igo ilanti complains...politicians ni vadilestunaru nai...no law is 100% perfect...its just that in India, law is barely effective for 5%...mella mellaga it will come up...ipude kada start ayindi...kastha time wait chesi chudandi, GST collections and Direct taxes are at all time high...IT remittances are also at all time high...first time India la tender process became so transparent...coal auctions lo chala transparency...5 years back ivevi lekunde...

system set right chesthe, andulo participants kuda set right avutaru...anthe kani politicians ni set right chesthe system set avadu

[TampaChinnodu]

3 minutes ago, Android_Halwa said:

Politicians ni evaru vadulutunnaru ?

idoka pedda chain of events laga ayipoindi...

edaina cheyadam start pedithe, age old complaint, politicians no vadilestunaru, andari patukuntunnaru.

Aadhar is mandatory for politicians as well and this is the key. Nothing happens overnight and when the cash trail is being followed, sooner or later, even the big fish will fall into the trap. 

complaint complaint..evadu emi chesi elagapettadu...edanna cheyabotunte, igo ilanti complains...politicians ni vadilestunaru nai...no law is 100% perfect...its just that in India, law is barely effective for 5%...mella mellaga it will come up...ipude kada start ayindi...kastha time wait chesi chudandi, GST collections and Direct taxes are at all time high...IT remittances are also at all time high...first time India la tender process became so transparent...coal auctions lo chala transparency...5 years back ivevi lekunde...

system set right chesthe, andulo participants kuda set right avutaru...anthe kani politicians ni set right chesthe system set avadu

kontha mandini pattukoni jail lo vesthey people will believe man, appati varaku even I wont believe. 

ee initiative lo kooda Income tax officers will takes bribes and cover up all cases. 

[TampaChinnodu]

Just now, TampaChinnodu said:

kontha mandini pattukoni jail lo vesthey people will believe man, appati varaku even I wont believe. 

ee initiative lo kooda Income tax officers will takes bribes and cover up all cases. 

notes ban antha pedda initiative. em ayyindi last ki, not even a single person went to jail. cases matram full gaa pettaru , god knows what happened to all those cases. 

[TampaChinnodu]

28 minutes ago, Merabharathmahan said:

intha dabbu information technology meeda spend chestunda indian government. Ee tax related meeda baga interest chupistunnaru bjp vallu ento. Direct ga politicians meeda ride chesthe ayipotadi ee dabbulanni migiltay. Politicians ni emo vadilesi aa damage antha common man nundi taxes theeskoni balance cheddam ani chustunnaru

social media lo grand marriages videos ni pattukoni valla meeda raids sesthe chaalu. 100 million $ software avasaram ledu. 

[Android_Halwa]

4 minutes ago, TampaChinnodu said:

kontha mandini pattukoni jail lo vesthey people will believe man, appati varaku even I wont believe. 

ee initiative lo kooda Income tax officers will takes bribes and cover up all cases. 

kontha mandini patukuni jail lo vestune vunnaru kada...emaindi ?

95% of the population under report their incomes and property...kontha mandini ni patukuni lopala vesthe, 95% set avvaru ? data lekapovadam valla, identity lekapovadam avalla...relations ni sarigga define cheyaleka ie problems vastunayi..

benami properties florish avadaniki reason ide...identity establish cheyaleka...but if a benami property holder's aadhar, PAN,Bank account, family worth and IT returns establish chesthe, with in a decade, benami property anede vundadu. 

 

[Android_Halwa]

5 minutes ago, TampaChinnodu said:

notes ban antha pedda initiative. em ayyindi last ki, not even a single person went to jail. cases matram full gaa pettaru , god knows what happened to all those cases. 

Note ban was not to throw corrupt people to jails...atla esukuntu pothe, schools and public infrastructure kattadam apesi, jails kattali...

nothing will happen to these cases as accused are proving in wrong means that their money is family owned money and do not have records...court kuda sachinatu judgement corrupt favour ki ivalsi vastundi...

IT dept kuda emi cheyalekapotundu money trail telsina kuda...single reason,m link establish cheyalkapotunaru...data available ledu kabatti

[Android_Halwa]

6 minutes ago, TampaChinnodu said:

social media lo grand marriages videos ni pattukoni valla meeda raids sesthe chaalu. 100 million $ software avasaram ledu. 

Grand marriage lo theft barely 1% of the total hidden amount vundadu....its a small factor, just that its  a grand affair appears to be big and huge...in reality, its a negligible one...small one..

 

[vendetta]

Ok

 

 

[boeing747]

bongu le....ante facebook instagram twitter etc social media lo pics ettakunda secret ga tours este froblem undada

[TampaChinnodu]

బ్యాంకుల్లో రూ.3 లక్షల కోట్ల నల్లధనం జమ! 
నోట్ల రద్దు తర్వాత పరిణామం 
ప్రశ్నించడానికి ఐ.టి.శాఖ సన్నద్ధం 
జరిమానాగా భారీ మొత్తం వసూలయ్యే అవకాశం

ఈనాడు, దిల్లీ: 2016 నవంబరులో పెద్దనోట్ల రద్దుపై కేంద్ర ప్రభుత్వ నిర్ణయం వెలువడిన తర్వాత బ్యాంకుల్లో జమ అయిన దాదాపు రూ.3 లక్షల కోట్లపై ఆదాయపు పన్ను (ఐ.టి.) శాఖ వర్గాలు దృష్టి సారించాయి. ఈ మొత్తంలో ఎక్కువ భాగం నల్లధనమే అయి ఉంటుందని అనుమానిస్తున్నారు. ‘ఆదాయ వనరును వివరించని నగదు’గా పేర్కొంటూ, దీనికి సంబంధించినవారిని ప్రశ్నించేందుకు అధికారులు సమాయత్తమవుతున్నారు. ఆర్థికంగా మందగమన పరిస్థితులు నెలకొన్న ప్రస్తుత తరుణంలో ప్రత్యక్ష పన్ను వసూళ్లను పెంచడానికి ఇది ఉపయోగపడుతుందని భావిస్తున్నారు. వృద్ధిరేటు నెమ్మదించడానికి పెద్దనోట్ల రద్దే కారణమని నిందిస్తున్న విపక్షాలకు తగిన జవాబు చెప్పడానికి కూడా ఇది ఉపకరిస్తుందనే ఉద్దేశంతో ఈ మొత్తాల లబ్ధిదారుల్ని గుర్తించనున్నారు. ‘నల్లధనం జమ చేసినవారిని గుర్తించడానికి ఒక్కో కేసునూ నిశితంగా పరిశీలించాలి. వారిచ్చే వివరణల్ని పరిశీలించడానికే రెండేళ్ల సమయం పట్టవచ్చు. అయినా ఇది పన్ను వసూళ్లను పెంచడానికి ఉపయోగపడుతుంది. ఇలాంటి నగదుపై 60% వరకు జరిమానా విధించే అధికారం ఐ.టి. శాఖకు ఉంది’ అని సంబంధిత వర్గాలు తెలిపాయి. చలామణిలో ఉన్న రూ.15 లక్షల కోట్ల పెద్ద నోట్లలో 99% మేర తిరిగి బ్యాంకులకు వచ్చాయి. దీంతో నల్లధనం ఉన్నవారు గత నవంబరు, డిసెంబరు నెలల్లో దానిని తిరిగి బ్యాంకుల్లోకి తీసుకువచ్చి ఉంటారని ఐ.టి.శాఖ బలంగా విశ్వసిస్తోంది.

[TampaChinnodu]

Quote

 

వారిచ్చే వివరణల్ని పరిశీలించడానికే రెండేళ్ల సమయం పట్టవచ్చు 

 

rendu ki pakkana zero add sesthe will be realistic time.