HomeNews News Government Suspects Tax Evasion In Deposits Of INR 3-4 Lakh Crores In Government Suspects Tax Evasion In Deposits Of INR 3-4 Lakh Crores In

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Government Suspects Tax Evasion In Deposits Of INR 3-4 Lakh Crores In

Government Suspects Tax Evasion In Deposits Of INR 3-4 Lakh Crores In

Tuesday, January 10, 2017, 5:33 PM

The Government has found that an estimated INR 3-4 lakh crores of tax-evaded income, could have been deposited in banks, after the Government scrapped old 500 and 1000 rupee notes. Income Tax Department has been asked to examine details and send notices to depositors of INR 3-4 lakh crores, on which tax could have been evaded.
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