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Can Big Data Prevent Fraud

Can Big Data Prevent Fraud Bermix Studio

India is exploring a way for the government to use big data to crack down on tax fraud, reports Economic Times. 

Union Finance Secretary Ajay Bhushan Pandey on Friday hinted at the use of Big Data to track major financial transactions, under-reporting of income and tax frauds in the country, even as he assured that the government would make the taxation process fearless and pain-free for honest taxpayers.

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