Goa, March 4 -- You are constantly under watch by Income Tax Department, 24 hours a day, 365 days a year through its most advanced Information Technology System of data collection at centralised data centers.
Not only high value bank transactions, foreign travels, purchase and sale of immovable property, credit card payments, cash deposits, hotel stay are tracked but even online purchases made through Flipkart, Amazon and other e-commerce portals or food ordered through Zomato or Swiggy is covered. Maintaining multiple bank accounts or using multiple credit cards does not mean that any transaction will slip notice of the Income Tax Department.
To appreciate this process, it is advisable for a taxpayer to know how the information is gather...