• search
For Quick Alerts
For Daily Alerts

Not safe to deal with excessive cash says Govt as Operation Clean Money website is launched

By Vicky

Continuing its fight against black money, the government on Tuesday launched a website Operation Clean Money. The new website will help honest tax payers, Union Finance Minister Arun Jaitley said inaugurating the website.

Union Finance Minister Arun Jaitley

It is no longer to deal with excessive cash and tax evaded money, Jaitley also said. He also said that the fallout of the November 8 decision to demonetise higher denomination currency has increased movement towards digitisation, number of assessees going up and tax revenue jumping as also fear of dealing in cash being installed.

91 lakh persons have come under the tax net, Jaitley said while adding that he expected further increase in tax returns going ahead.

Sushil Chandra, the Central Board of Direct Taxes chairman said Undisclosed income of Rs 16,398 crore has been identified post demonetisation.

He also said there was 22 per cent growth in e-filed returns post demonetisation. As many as 17.92 lakh people were identified for unexplained deposits post demonetisation, he said, adding the tax department has identified one lakh suspected tax avoidance cases.

Chandra further said that they had identified around 17.92 lakh persons in whose case the cash transactions did not appear in line with the taxpayers' profiles. And online verifications of these transactions are underway.

More details about the website can be found here:

OneIndia News

For Daily Alerts
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more