Fear not, says I-T: Deposits up to Rs 2.5 lakh will not be questioned

The Income Tax department has said no questions will be asked about deposits of up to Rs 2.5 lakh and only those accounts will be probed that do not match the tax returns.

Providing clarity on scrutiny of deposits made in banks post demonetization, the Income Tax department said no questions will be asked about deposits of up to Rs 2.5 lakh and only those accounts will be probed that do not match the tax returns.

Using Big Data analytics, the Income Tax Department has segregated different kinds of deposits and large ones like more than Rs 1 crore that