Brace for a call from I-T if you deposited over Rs 10 lakh after 8 Nov

The taxmen want to find out the source of the money

If you have deposited more than Rs 10 lakh in your bank account ever since November 8 , 2016, when the Modi government demonetised old Rs 500 and Rs 1,000 notes, brace yourself for a call from the taxman.

According to a report in the Economic Times,  India's apex tax authority, Central Board of Direct Taxes, has set up an e-platform to reach out to those who have crossed this threshold and find out the source of the money. 

The depositors are expected to file their response online. 

CBDT members briefed senior officers of the income tax department on