ALSO READIncome Tax dept detects undisclosed income of over Rs 5300 cr 'Budget should reduce income tax, corporate tax to boost consumption' Income tax department identifies 67.54 lakh potential non-filers for FY 2014-15 Paul Merchants updates on order of Income Tax Settlement Commission Budget makes tax compliance easy for small tax payers
Police have seized demonetised currency notes of Rs 500 and Rs 1,000 denomination having a face value of Rs 28.68 lakh from Randher locality in city today and detained five persons in this connection.
During a routine patrolling, police intercepted two cars near Randher causeway and on checking them, the cops found demonetised currency notes with face value of Rs 28.68 lakh.
Five persons were detained along with a car, an official from Randher police station said.
Police seized 3,486 notes of Rs 500 denomination and 1,125 notes of Rs 1,000 denomination, the official said.
The detained persons have been identified as Kalpesh Gandhi, Panyalal Bhavsar, Md Waji Malik, Asfaq Unani and Arun Mistry.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)