Income Tax authorities have conducted 12 searches in Telangana and Andhra Pradesh after demonetisation was announced last month and total 30 searches till date since April 1 this year.
They seized Rs 22 crore of cash, out of which Rs 11 crore was post-demonetisation, Director General of Income Tax (Investigation) Neena Nigam told reporters here today.
She said Rs 280 crore of unaccounted income (in all forms) has been detected post-demonetisation whereas Rs 1.90 crore has been seized in new currency notes.
The I-T officials explained about the Pradhan Mantri Garib Kalyan Yojna (PMGKY) scheme on the occasion.
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