Tag: cash ban

I-T issues 5,100 notices for suspicious deposits post cash ban

The income tax department has issued about 5,100 notices for high-value suspicious deposits post demonetisation and people have admitted to undisclosed income of over Rs.5,400 crore, Parliament was informed on Wednesday. The department has conducted more than 1,100 search and survey operations and issued about 5,100 notices for verification of suspicious transactions of high-value cash …

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March 15, 2017

Auto sales move to recovery lane as cash ban impact wears off

The overall automobile sales in India rose marginally in February signalling revival in the industry that was hit hard by the currency pullback in November last year. With demonetisation impact steadily waning, overall sales across categories rose 0.94 per cent to 17,19,699 units in February compared to 17,03,736 in the same month last year. In …

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March 10, 2017