Tag: Unaccounted money
2 Results
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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