Demonetisation: I-T dept to strictly take on depositors of unverified cash over Rs 5 lakh
Wednesday, February 22, 2017 IST
Demonetisation: I-T dept to strictly take on depositors of unverified cash over Rs 5 lakh
New Delhi: Depositors of money worth Rs 5 lakh or above, amid the demonetisation time frame, who neglected to confirm a similar will be gone up against entirely by the Central Board of Direct Taxes (CBDT), according to a report distributed in Times of India.
In any case, the office may go simple on 'generally safe cases.'
The number comes at 18 lakh of individuals who have kept more than Rs 5 lakh trade out their financial balances with no electronic confirmation.
The report likewise says that move may likewise be made against the individuals who have reimbursed advances in real money, which draw in 100 percent punishment.
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