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5.27 Lakh Assessees Reply To Income Tax Query On Cash Deposits

5.27 Lakh Assessees Reply To Income Tax Query On Cash Deposits

Tuesday, February 14, 2017, 10:57 AM

The I-T Department said 5.27 lakh assessees, out of 18 lakh who were sent SMS/emails for making doubtful deposits post note ban, have submitted their response. The Department has warned others of enforcement action if they fail to respond before February 15. Out of 5.27 lakh assesses, 99.5% have confirmed the amount which they have deposited as cash between November 10 to December 30.
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