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91 lakh persons come under tax net post note ban: FM

Press Trust of India  |  New Delhi 

The number of persons under the net has increased by 91 lakh as unaccounted lost anonymity post note ban, Minister said today.

Launching a new website on 'Operation Clean Money', a programme to bring illegal wealth on books, he said the fallout ofthe November 8decision to demonetise higher denomination currency has increased movement towards digitisation, number of assessees going up and jumping as also fear of dealing in being instilled (rpt) instilled.



Stating that as many as 91 lakh persons have come under the net, Jaitley said he expects further increase in returns going ahead.

Post demonetisation, there has been a hike in collection of personal tax, the minister said, adding that the new portal will help payer.

CBDT Chairman Sushil Chandra said there was 22 per cent growth in e-filed returns post

As many as 17.92 lakh people were identified for unexplained deposits post demonetisation, he said, adding the department has identified one lakh suspected avoidance cases.

He also said that an undisclosed of Rs 16,398 crore was identified post

"We identified around 17.92 lakh persons in whose case the transactions did not appear in line with the taxpayers' profiles. And online verifications of these transactions are underway," Chandra said.

Of the 17.92 lakh, so far 9.72 lakh individuals responded to SMSes and e-mails sent by the department.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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91 lakh persons come under tax net post note ban: FM

The number of persons under the tax net has increased by 91 lakh as unaccounted cash lost anonymity post note ban, Finance Minister Arun Jaitley said today. Launching a new website on 'Operation Clean Money', a programme to bring illegal wealth on books, he said the fallout ofthe November 8decision to demonetise higher denomination currency has increased movement towards digitisation, number of assessees going up and tax revenue jumping as also fear of dealing in cash being instilled (rpt) instilled. Stating that as many as 91 lakh persons have come under the tax net, Jaitley said he expects further increase in tax returns going ahead. Post demonetisation, there has been a hike in collection of personal income tax, the finance minister said, adding that the new portal will help honest tax payer. CBDT Chairman Sushil Chandra said there was 22 per cent growth in e-filed returns post demonetisation. As many as 17.92 lakh people were identified for unexplained ... The number of persons under the net has increased by 91 lakh as unaccounted lost anonymity post note ban, Minister said today.

Launching a new website on 'Operation Clean Money', a programme to bring illegal wealth on books, he said the fallout ofthe November 8decision to demonetise higher denomination currency has increased movement towards digitisation, number of assessees going up and jumping as also fear of dealing in being instilled (rpt) instilled.

Stating that as many as 91 lakh persons have come under the net, Jaitley said he expects further increase in returns going ahead.

Post demonetisation, there has been a hike in collection of personal tax, the minister said, adding that the new portal will help payer.

CBDT Chairman Sushil Chandra said there was 22 per cent growth in e-filed returns post

As many as 17.92 lakh people were identified for unexplained deposits post demonetisation, he said, adding the department has identified one lakh suspected avoidance cases.

He also said that an undisclosed of Rs 16,398 crore was identified post

"We identified around 17.92 lakh persons in whose case the transactions did not appear in line with the taxpayers' profiles. And online verifications of these transactions are underway," Chandra said.

Of the 17.92 lakh, so far 9.72 lakh individuals responded to SMSes and e-mails sent by the department.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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Business Standard
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91 lakh persons come under tax net post note ban: FM

The number of persons under the net has increased by 91 lakh as unaccounted lost anonymity post note ban, Minister said today.

Launching a new website on 'Operation Clean Money', a programme to bring illegal wealth on books, he said the fallout ofthe November 8decision to demonetise higher denomination currency has increased movement towards digitisation, number of assessees going up and jumping as also fear of dealing in being instilled (rpt) instilled.

Stating that as many as 91 lakh persons have come under the net, Jaitley said he expects further increase in returns going ahead.

Post demonetisation, there has been a hike in collection of personal tax, the minister said, adding that the new portal will help payer.

CBDT Chairman Sushil Chandra said there was 22 per cent growth in e-filed returns post

As many as 17.92 lakh people were identified for unexplained deposits post demonetisation, he said, adding the department has identified one lakh suspected avoidance cases.

He also said that an undisclosed of Rs 16,398 crore was identified post

"We identified around 17.92 lakh persons in whose case the transactions did not appear in line with the taxpayers' profiles. And online verifications of these transactions are underway," Chandra said.

Of the 17.92 lakh, so far 9.72 lakh individuals responded to SMSes and e-mails sent by the department.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

image
Business Standard
177 22