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IT Department gets 12 lakh responses on deposits during note ban

IT Department gets 12 lakh responses on deposits during note ban

Friday, March 31, 2017, 5:55 PM

Income Tax department under its 'Operation Clean Money' project has received more than 12 lakh responses from 8.38 lakh distinct PANs/persons whose cash deposits were not in line with their tax profiles, Parliament was informed today. To leverage technology and data analytics for e-verification of cash deposits made during the demonetization period, I-T department has initiated 'Operation Clean Money project(OCM).
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