L&T Infotech bags $100-million deal to help pin down tax evaders

Since note ban last November, govt has been putting in lots of efforts to plug loopholes in taxation system using advanced technology

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