Rs 4.17 Lakh Crore Suspicious Deposits By 18 Lakh People Since Note Ban
The CBDT has also identified another 10 lakh individuals for suspicious deposits.
The Central Board of Direct Taxes (CBDT) has identified suspicious deposits worth Rs 4.17 lakh crore from 18 lakh accounts since the demonetisation, Chairman Sushil Chandra said on Wednesday.
Of the 18 lakh accounts under its scanner, the income tax department has sought clarification from 13 lakh account holders through messages and e-mails. Alerts to the remaining 5 lakh account holders will be sent by Friday, Chandra told reporters.
The CBDT recently identified 18 lakh people whose account data did not match with their taxpayer profile on January 31.
We have around 18 lakh persons’ data amounting to Rs 4.17 lakh crore deposits into accounts, data of another 10 lakh is ready. We have already issued 13 lakh SMSes and emails to the persons about whom we have details, today. So the department is moving on a fast track and you have to come to the tax net.Sushil Chandra, Chairman, CBDT
The department has also identified another 10 lakh account holders, and will soon analyse that data and seek clarifications.
The CBDT recently launched an e-platform for online verification of deposits made post demonetisation, called Operation Clean Money. In the initial phase, this new software will be used for e-verification of large cash deposits made post demonetisation Revenue Secretary Hasmukh Adhia said at a media briefing on January 31. Accordingly, the account holders who have been identified for making irregular deposits will have to submit clarifications on this e-portal within 10 days.