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Rs 2.89 lakh crore deposited by 9.72 lakh people under scanner: I-T dept

By Chennabasaveshwar

The Income Tax (I-T) Department on Thursday said that cash deposits worth Rs 2.89 lakh crore made by 9.72 lakh persons since demonetisation in November 2016, are under radar.

Under Operation Clean Money the deposits have been made in 13.33 lakh accounts, the I-T department said.

Rs 2.89 lakh crore deposited by 9.72 lakh people under scanner: I-T dept

Also, number of e-returns of Individual taxpayers increased as 5.43 crore returns were filed and 1.26 crore new taxpayers added in the system.

Meanwhile, the finance ministry has ruled out opening another window for depositing the scrapped Rs 500 and Rs 1,000 notes.

A day before the Reserve Bank of India (RBI) revealed that 99 per cent of the Rs 15.44 lakh crore currency scrapped on November 8 last year had come back, some had pleaded with the government for another window to deposit their small holding old Rs 500 and Rs 1,000.

(With agency inputs)

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