New Delhi: The Income Tax division on Thursday said that in regards to 14,000 properties worth over Rs 1 crore each is under its investigation as their proprietors have not filed income returns.
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In an announcement enumerating the effect of demonetisation of old Rs 500 and Rs 1,000 notes on dark cash, it said 'Operation Clean Money' was propelled on January 31 to break down information of people who stored extensive entireties of money post note-boycott, with no past coordinating returns of salary.

While Rs 15,496 crore was conceded as undisclosed salary, studies brought about seizure of Rs 13,920 crore.

The I-T office articulation takes after the legislature safeguarding demonetisation after the RBI information appeared on Wednesday that all the Rs 15.44 lakh crore trashed cash notes were come back to the saving money framework.

The legislature said the stores had finished secrecy and helped settle liabilities for the cash.

In the primary period of Operation Clean Money work out, information examination was utilized to distinguish 18 lakh presume situations where money exchanges did not seem, by all accounts, to be in accordance with the expense profile of investors, I-T office said.

Online check was done in a record time of a month, it said.

Utilizing information investigation, 13.33 lakh records of exactly 9.72 lakh people with unordinary money stores of around Rs 2.89 lakh crore was distinguished and reaction looked for.

The asset was caught "inside a limited capacity to focus 3 a month," the announcement stated, without saying what number of them were honest to goodness stores and what number of were unaccounted cash.

It likewise did not give points of interest of duty gathered on unaccounted cash.

The Operation Clean cash has since moved into the following stage that "incorporates implementation activities in high hazard cases, citizen engagement through a committed site in medium hazard cases and close observing in generally safe cases.

"The activity has likewise uncovered the expansive number of people and groups having suspect exchanges. These incorporate around 14,000 properties of more than Rs 1 crore every where people have not documented Income Tax Returns.

"The examinations are in advance," the announcement said.

The high, medium and generally safe cases have been distinguished using propelled information investigation, including coordination of information sources, relationship bunching, and finance following.

After note boycott, there has been 158 percent expansion in a number of ventures (from 447 to 1,152 gatherings) and dramatically increasing of seizures to Rs 1,469 crore from Rs 712 crore.

There additionally has been 38 percent expansion in confirmation of undisclosed pay (from Rs 11,226 crore to Rs 15,496 crore), it said.

Overviews bounced close to three-overlap to 12,520 and there was 44 percent expansion in undisclosed pay identified (from Rs 9,654 crore to Rs 13,920 crore).

The division said the quantity of e-returns of individual citizens recorded till due date of August 5, 2017 expanded to 2.79 crore from 2.22 crore returns documented amid the comparing time of a year ago.

"This shows checked change in the level of intentional consistence because of move made by the Income Tax Department on the premise of information of trade stores out the wake of demonetisation," it said.

The aggregate number of all profits (electronic in addition to paper) recorded amid the whole budgetary year 2016-17 was 5.43 crore which is 17.3 percent more than the profits documented amid FY 2015-16.