You are here: Home » Economy & Policy » News » Demonetisation
Business Standard

Govt suspects tax evasion in Rs 3-4-lakh crore deposits after note ban

As it analyses bank deposits after demonetisation

Press Trust of India  |  New Delhi 

As it analyses bank deposits after demonetisation, the government has found that an estimated Rs 3-4 lakh crore of tax-evaded income could have been deposited during 50-day window provided to get rid of junked Rs 500/1,000 notes. A senior income-tax official has been asked to scrutinise details and send notices to depositors of Rs 3-4 lakh crore  on which tax could have been evaded. “We now have trunkloads of data, analysis of which shows more than Rs 2 lakh was deposited in over six million bank accounts after demonetisation. The total amount deposited in ...

TO READ THE FULL STORY, SUBSCRIBE NOW AT JUST Rs 149 A MONTH

Key stories on business-standard.com are available to premium subscribers only.

LOGIN

EMAIL / USER NAME
PASSWORD
REMEMBER ME Forgot password?

Not a member yet ? Resister Now

Connect using any below

  • Don't lose the opportunity of saving $26.77 per month
  • Don't lose the opportunity of saving $26.77 per month
Total Amount
Rs. 0.00
To proceed, kindly select a subscription package

WHAT YOU GET

On Business Standard Digital

  • Access your subscription from anywhere. Be it your computer, tablet or smartphone using a browser or the App, Your Choice.
  • Access to exclusive content, features, opinions and comment, hand-picked by our editors, just for you.
  • Pick your 5 favourite companies. Get all the news upates at the end of each day through E-Mail.
  • Pick the industry that you want to track. And get a daily news letter specific to that industry. Cut out the clutter.
  • And stay on top of your investments. Track stock prices in your portfolio
  • Access 18 years of archival data

On Digital

  • Seamless access to WSJ.com with your Business Standard digital account.
  • Experience the best of the Journal's reporting, video and interactive features.
  • Read about the people and events shaping business, finance, technology, politics, technology and culture.
  • Stay informed with newsletters - an easy way to get WSJ content straight to your inbox - making life easier on your busiest days.
  • More business executives read the Journal globally than any other publication.
*Note :
Our Partners are proud to be associated with this initiative and will contribute Rs 100 x 6 months thereafter, standard rate of Rs 149 will be charged.
Offer valid for Indian residents only
Requires you to share personal information like PAN, Date of Birth, and Income.
*Annual saving on WSJ subscription price of US$ 347.88 (12 months @ US$ 28.99 per month)
* 1US$ = 67.50 INR.
*Please note that this offer is not valid if you are/were a registered/existing user on WSJ Digital

Govt suspects tax evasion in Rs 3-4-lakh crore deposits after note ban

As it analyses bank deposits after demonetisation

As it analyses bank deposits after demonetisation As it analyses bank deposits after demonetisation, the government has found that an estimated Rs 3-4 lakh crore of tax-evaded income could have been deposited during 50-day window provided to get rid of junked Rs 500/1,000 notes. A senior income-tax official has been asked to scrutinise details and send notices to depositors of Rs 3-4 lakh crore  on which tax could have been evaded. “We now have trunkloads of data, analysis of which shows more than Rs 2 lakh was deposited in over six million bank accounts after demonetisation. The total amount deposited in ... image
Business Standard
177 22

Govt suspects tax evasion in Rs 3-4-lakh crore deposits after note ban

As it analyses bank deposits after demonetisation

As it analyses bank deposits after demonetisation, the government has found that an estimated Rs 3-4 lakh crore of tax-evaded income could have been deposited during 50-day window provided to get rid of junked Rs 500/1,000 notes. A senior income-tax official has been asked to scrutinise details and send notices to depositors of Rs 3-4 lakh crore  on which tax could have been evaded. “We now have trunkloads of data, analysis of which shows more than Rs 2 lakh was deposited in over six million bank accounts after demonetisation. The total amount deposited in ...

image
Business Standard
177 22