The Income Tax Department has identified 18 lakh taxpayers who made large deposits after 8 November. They will be served notices seeking explanation within 10 days. The process has been labelled as “Operation Clean Money”, in which data analytics has been made use of to analyse the data received between 9 November and 30 December 2016, Revenue Secretary Hasmukh Adhia said.
In a demonetisation exercise, the government had on November 8 announced that currency notes with denominations of Rs 1,000 and Rs 500.Read More Telugu News Online
In a demonetisation exercise, the government had on November 8 announced that currency notes with denominations of Rs 1,000 and Rs 500.Read More Telugu News Online