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Undisclosed Income Of 5,400 Crore Detected Post-Demonetisation

Undisclosed Income Of 5,400 Crore Detected Post-Demonetisation

Wednesday, April 12, 2017, 10:48 AM

The IT department carried out over 1,100 searches and surveys immediately after demonetisation and detected undisclosed income of over Rs. 5,400 crore, Finance Minister Arun Jaitley said. He added that more follow-up action was taken and 18 lakh people were identified whose tax profiles were not in line with the cash deposits made by them in the demonetisation period and online responses were sought.

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