Operation Clean Money 2nd phase has been started as a part of fight against Black Money. IT department has identified 60,000 people who had deposited banned currency after demonetization in huge amounts. Out of them 1300 people have been identified as at High Risk, say the IT sources. CBDT is going to summon pre intimation to these people online after which the assesses have to furnish all the details regarding their deposit sources with documents. Central govt's fight against black money is seen in IT returns as there is 21% increase in income tax returns this year in all forms.
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