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Avail scheme to get out of demonetisation jam: Ajay Bhushan Pandey

Avail scheme to get out of demonetisation jam: Ajay Bhushan Pandey

Monday, February 3, 2020, 1:08 PM

Individuals who received income tax notices following demonetization in 2016 will be able to take advantage of the amnesty scheme announced in the budget, revenue secretary Ajay Bhushan Pandey said. These will be with regard to unexplained bank deposits and not cash unearthed in raids. The government announced on November 8, 2016, that Rs.1,000 and Rs.500 notes then in circulation were being rendered void.
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