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I-T turns gaze on 2 lakh a/cs for Rs 25 lakh deposits

I-T turns gaze on 2 lakh a/cs for Rs 25 lakh deposits

Wednesday, March 15, 2017, 12:25 PM

The Income-Tax Department has identified more than two lakh accounts for scrutiny in which more than Rs 25 lakh was deposited between November 9 and December 31 last year following the government’s demonetization move. In all, the I-T Department has identified 18 lakh such accounts and will be scrutinizing them in a phased manner beginning with the 2 lakh accounts in the first phase.
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