10,000 property deals under I-T scanner

The tax dept is expected to launch Project Insight next month to make evasion even tougher

The income tax department has identified over 10,000 individuals who have bought properties but have not paid tax. 

Part of the second round of Operation Clean Money, the tax department is examining property transactions worth over Rs 1 crore. The department has roped in four global data mining companies to profile taxpayers and map their transactions.

“We have identified cases where people have bought property but have not paid taxes. These cases are across the country. More than 10,000 people have come under scrutiny,” said a tax official. 

The department is also investigating if these properties are benami holdings. The