New Delhi, Dec 3 The income tax department has detected undisclosed amounts of Rs 1.64 crore in Jan Dhan accounts. During a country wide investigation that was conducted by the IT department suspicious activity in the banks at Kolkata, Midnapore, Ara (Bihar), Kochi and Varanasi were found.
The Central Board of Direct Taxes (CBDT), the policy-making body for the I-T department, said, "Rs 40 lakh has been seized from one such account in Bihar."
"Undisclosed monies of approximately Rs 1.64 crore deposited by persons who have never filed returns of income being below the taxable limits, into their Jan Dhan accounts have already been detected at Kolkata, Midnapore, Ara (Bihar), Kochi and Varanasi," it said in a statement.
The CBDT added that the "undisclosed income so detected will be brought to tax as per the provisions of the Income Tax Act, 1961 apart from other actions depending upon the outcome of investigations."
As per updated data till November 23, the Jan Dhan accounts have seen a huge surge in deposits, with Rs 21,000 crore being parked in such accounts following demonetisation announced by Prime Minister Narendra Modi on November 8.
Following the currency scrap, the total balance in these accounts had crossed Rs 65,000 crore to Rs 66,636 crore. As of November 9, the balance in about 25.5 crore such accounts was Rs 45,636.61 crore.