|Your tax data's safe|
|Saturday, 28 January 2017 00:00|
Even now, pvt sector helps taxman in data analytics
With the taxman putting out a request for private sector entities to help analyse the reams of data collected as part of the demonetisation exercise, there is the fear that confidential tax data can now get leaked and be used illegally. While the government will obviously have to ensure there are no data leaks, it has to be kept in mind that, even today, there are several private sector players who assist the taxman in both analysing and processing tax data such as in the central processing centre in Bangalore. Despite this, the data doesn’t leak for two important reasons. One, just as the taxman who handles data is bound by secrecy rules and a code of conduct, private sector vendors and their employees are bound by confidentiality clauses and the law of the land for breaching this—so, there is as much danger of your tax data being accessed by a rogue taxman as by a rogue independent contractor. Two, the processor does not necessarily know the identity of the person/organisation whose information is being processed, the system is designed in such a manner—what the private party is doing, then, is to run the tax returns submitted through a software that detects anomalies and throws up questions; once replies to these are got, the software analyses these and suggests further follow-up.
|Last Updated ( Monday, 30 January 2017 01:06 )|