Finish issuing all demonetisation notices by May: CBDT to I-T dept
IT department had launched an 'Operation Clean Money' (OCM) to check black money post demonetisation.
Apr 03, 2018, 17:52 PM IST
Demonetisation: I-T dept to issue notices to suspicious cash depositors
The people who have filed their returns will be examined against the amounts they have deposited during the period of demonetisation, so that we can see whether they have correctly disclosed their income or not, the CBDT chief said.
Nov 14, 2017, 20:08 PM IST
Operation Clean Money: 14,000 properties of Rs 1 crore each under I-T scanner
The Operation Clean Money exercise has also unearthed large number of persons and clusters having suspect transactions. These include about 14,000 properties of more than Rs 1 crore each where persons have not even filed Income Tax Returns.
Sep 01, 2017, 09:55 AM IST
I-T dept detects Rs 13,715 crore undisclosed income last fiscal
Last fiscal, the income tax department conducted searches at 5,102 premises of 1,152 groups during which undisclosed income of Rs 15,496 crore was admitted.
Aug 08, 2017, 18:44 PM IST
Demonetisation: I-T dept identifies another 5.56 lakh individuals under Operation Clean Money
The information in respect of the cases and accounts identified has been made available in the e-filing window of the PAN holder in the e-filing portal of the I-T department.
Jul 14, 2017, 17:27 PM IST
91 lakh persons come under tax net post note ban: FM Jaitley
The number of persons under the tax net has increased by 91 lakh as unaccounted cash lost anonymity post note ban, Finance Minister Arun Jaitley said on Tuesday.
May 16, 2017, 19:02 PM IST
Operation Clean Money : Income Tax dept to send notice to 60,000 companies for money laundering
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Apr 14, 2017, 17:32 PM IST
Income tax dept re-launches operation clean money, to send notice to 60,000 companies
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Apr 14, 2017, 17:28 PM IST
Rs 5,400 crore worth of undisclosed income detected: Govt to Supreme Court
A whopping Rs 5,400 crore worth of "undisclosed income" has been detected by law-enforcing agencies till January 10 since demonetisation came into force last November, the government has told the Supreme Court.
Apr 09, 2017, 17:44 PM IST
Black money: I-T prosecution action triples this fiscal
Prosecution action by the Income Tax department in black money cases has shot up three times with the taxman filing over 570 such charge sheets across the country till January this year.
Mar 14, 2017, 20:08 PM IST
Taxman to scrutinise loan deposits under op 'clean money'
The Income Tax department may initiate penal action and impose an equivalent penalty in select cases of loan amount deposits of Rs 20,000 or more as part of the 'Operation Clean Money' to check stash post demonetisation.
Feb 22, 2017, 20:10 PM IST
No amnesty for bank deposits linked to money laundering: CBDT
Any bank account suspected to have been "misused" for money laundering or shell company operations won't be exempted from probe under 'Operation Clean Money' despite having low deposits.
Feb 21, 2017, 20:53 PM IST
Operation Clean Money: No threat or show cause to taxpayers, CBDT tells taxman
The CBDT on Tuesday asked the taxman to ensure there is no "threat, warning or show cause" notice to taxpayers contacted by it under 'Operation Clean Money' that is aimed at checking black money post-note ban.
Feb 21, 2017, 19:43 PM IST
I-T dept to launch 2nd phase of bank accounts scrutiny next month
The I-T department is likely to launch the second phase of 'Operation Clean Money' next month to close in on unaccounted money making its way into banks but may ignore standalone deposits below Rs 5 lakh for now.
Feb 20, 2017, 16:28 PM IST
Note ban impact: Over 7 lakh assessees respond to I-T dept query; 'non-statutory' letters to be issued in case of no reply
The I-T Department on Friday said that more than 7 lakh assessees, out of 18 lakh who were sent SMS/emails for making suspicious deposits post demonetisation, have submitted their response.
Feb 17, 2017, 13:07 PM IST
Operation Clean Money: Over 5.27 lakh taxpayers respond to I-T dept query on cash deposits
Out of the 7.41 lakh accounts confirmed by the 5.27 Lakh taxpayers, the cash deposit amount has been confirmed in more than 99.5 percent accounts.
Feb 13, 2017, 19:21 PM IST
Reply date for I-T queries on deposits extended till Feb 15
Government on Saturday extended the window for assessees receiving SMS or e-mail queries from the income tax department on cash deposits post demonetisation by 5 days to February 15.
Feb 11, 2017, 19:02 PM IST
1-crore bank accounts scanned under I-T department's 'Operation Clean Money' drive
As part of the tax department’s Operation Clean Money initiative, it has scrutinised around 1-crore bank accounts, narrowed down to 18 lakh individuals to explain the source of large cash transactions they undertook in the weeks after demonetisation.
Feb 05, 2017, 11:26 AM IST
Operation 'Clean Money': Crackdown begins; 18 lakh people to get IT notice if deposits don't match income
The Income Tax department has identified 18 lakh people who have made 'suspicious' cash deposits post demonetisation, including those having deposited over Rs 5 lakh, and will send emails and SMSes seeking explanation about their source of funds.
Jan 31, 2017, 18:03 PM IST
