 "Direct tax receipts soar 17.5% in April-August")
In a bid to showcase the success of demonetisation, CBDT chairman Sushil Chandra has asked tax officials to come down heavily on those who are unable to explain their cash deposits.
In a video conference, CBDT chairman Sushil Chandra recently asked senior officials of the tax department to target and impose tax on Rs 3 lakh crore deposits, reported Economic Times. According to persons who attended the meeting, this estimated amount is equal to the unexplained cash parked with banks after demonetisation was announced.
In a video conference, CBDT chairman Sushil Chandra recently asked senior officials of the tax department to target and impose tax on Rs 3 lakh crore deposits, reported Economic Times. According to persons who attended the meeting, this estimated amount is equal to the unexplained cash parked with banks after demonetisation was announced.
"It's unclear how the Rs 3 lakh crore number has been arrived at...
