Tag: Operation Clean Money
10 Results
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The battle against black money
While tainted money and corruption cant be completely eradicated, the present dispensation has been zealously pursuing policies to minimise them
January 24, 2019 -
I-T notices to 5.56 lakh people over high cash deposits during note ban
The Income-Tax department will be sending notices to 5.56 lakh newly identified people who deposited cash during the demonetisation drive under the second phase of 'Operation Clean Money'. It has also identified another one lakh persons who did not disclose all bank accounts during the e-verification process in the first phase of the operation. On …
Continue reading "I-T notices to 5.56 lakh people over high cash deposits during note ban"
July 14, 2017 -
I-T notices to 5.56 lakh people over high cash deposits during note ban
The Income-Tax department will be sending notices to 5.56 lakh newly identified people who deposited cash during the demonetisation drive under the second phase of 'Operation Clean Money'. It has also identified another one lakh persons who did not disclose all bank accounts during the e-verification process in the first phase of the operation. On …
Continue reading "I-T notices to 5.56 lakh people over high cash deposits during note ban"
July 14, 2017 -
Jaitley launches website to expose tax defaulters
Finance Minister Arun Jaitley on Tuesday launched a website to curb black money and expose tax defaulters, in the government’s fight against corruption. “This was another step the government was taking to weed out the non-compliant tax payers, and those who pay honestly and on time have no reason to worry,” Jaitley said. The website ‘Operation Clean …
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May 16, 2017 -
60,000 entities to get I-T notice: CBDT
Intensifying its fight against black money, the Income Tax Department has launched ‘Operation Clean Money-II’ which will detect growth of unaccounted money post demonetisation. “I-T Dept has launched second phase of Operation Clean Money to detect black money post-demonetisation,” the Central Board of Direct Taxes (CBDT) said on Friday, adding, “The department will issue notices …
Continue reading "60,000 entities to get I-T notice: CBDT"
April 14, 2017 -
No threat, show cause to be issued to taxpayers: CBDT
India's Income Tax Department on Tuesday asked its officials to ensure there is no "threat, warning or show cause" notice sent to taxpayers under its 'Operation Clean Money' aimed at checking black money after the government's demonetisation drive. "It should be ensured that the communications made online with the persons under verification should be in …
Continue reading "No threat, show cause to be issued to taxpayers: CBDT"
February 21, 2017 -
No threat, show cause to be issued to taxpayers: CBDT
India's Income Tax Department on Tuesday asked its officials to ensure there is no "threat, warning or show cause" notice sent to taxpayers under its 'Operation Clean Money' aimed at checking black money after the government's demonetisation drive. "It should be ensured that the communications made online with the persons under verification should be in …
Continue reading "No threat, show cause to be issued to taxpayers: CBDT"
February 21, 2017 -
No threat, show cause to be issued to taxpayers: CBDT
India's Income Tax Department on Tuesday asked its officials to ensure there is no "threat, warning or show cause" notice sent to taxpayers under its 'Operation Clean Money' aimed at checking black money after the government's demonetisation drive. "It should be ensured that the communications made online with the persons under verification should be in …
Continue reading "No threat, show cause to be issued to taxpayers: CBDT"
February 21, 2017 -
I-T dept to launch 2nd phase of bank a/cs 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. The Income Tax department will appoint two data analytics firms in next 10 days to analyse the deposits …
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February 20, 2017 -
Tax dept scans 1-cr accounts under ‘Operation Clean Money’
In a bid to clamp down on unaccounted money funnelled into bank accounts post demonetisation, the tax department has scrutinised and matched as many as 1-crore accounts and asked 18 lakh people to explain the source of fund. The tax department has run big data analytics through more than 1-crore accounts in its data bank …
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February 5, 2017