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I-T dept dug up Rs 21,454 crore undisclosed income in two years

I-T dept dug up Rs 21,454 crore undisclosed income in two years

Tuesday, March 21, 2017, 4:42 PM

The I-T department conducted searches on 992 individuals and entities in last two fiscal years and unearthed undisclosed income of Rs 21,454 crore apart from seizure of undisclosed income (cash, jewellery etc) worth Rs 1,474 crore. Besides levy of taxes on total income of those persons whose assessments were completed during the last two years, the I-T department filed prosecution complaints in 1,221 cases.
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