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Did you deposit Rs 15 lakh during demonetisation? You will get a notice

By Chennabasaveshwar

The Income Tax (IT) department has issued nearly two lakh notices to persons who deposited unaccounted sum of Rs. 15 lakh or more in their accounts during the demonetisation period in November 2016.

Did you deposit Rs 15 lakh during demonetisation? You will get a notice

"Notices sent to those who deposited more than Rs 15 lakh in banks during demonetisation but didn't file return.Sent around 1,98,000 notices during Dec- Jan.Pursuing that everybody should file return who deposited more than Rs 15 lakh during demonetisation," Central Board of Direct Taxes (CBDT) Chairman Sushil Chandra told ANI.

Chandra further stated that around 3,000 prosecution cases were filed in the last three months across different areas, including tax evasion, delayed tax filing, abetment, and so on.

"This year, we introduced e-assessment on a trial basis. Nearly 60,000 e-assessments were done in three months. We expect this number to increase in the coming months," he said.

OneIndia News

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