If you flaunt your expensive Rolex watch on Facebook from 2017-18 onwards, chances are that the income tax department is watching you.
The department is planning to include information given on social media under its Project Insight, a project to do data mining to nab high spenders who may not be reporting their true income.
"If you flaunt that you have gone on an expensive trip to a foreign location on Facebook and other social media, we will gather that information to match it with your income declared," a finance ministry official said.
Another official also said Project Insight will include information from social media in its data mining.
The department is planning to include information given on social media under its Project Insight, a project to do data mining to nab high spenders who may not be reporting their true income.
"If you flaunt that you have gone on an expensive trip to a foreign location on Facebook and other social media, we will gather that information to match it with your income declared," a finance ministry official said.
Another official also said Project Insight will include information from social media in its data mining.
