I-T identifies another 5.56 lakh persons under Operation Clean Money

The Income Tax Department has also identified 1.04 lakh persons who did not disclose all bank accounts during e-verification.

By: Express Web Desk | New Delhi | Updated: July 14, 2017 5:51 pm
income Tax, Income tax demonetisation, Income tax evasion, IT evasion, IT demonetisation The Income Tax Department has also additionally identified 1.04 lakh persons who did not disclose all bank accounts during e-verification.

The Income Tax Department on Friday said it has identified 5.56 lakh persons whose cash deposits post note ban were found inconsistent with their tax profiles. It has also additionally identified 1.04 lakh persons who did not disclose all bank accounts during e-verification.

As per the media release published by the Income Tax Department today, in the first phase, 17.92 lakh persons had been identified for e-verification of large cash deposits, of which 9.72 Lakh people had submitted online response.

The IT department further said that the information regarding the cases and accounts identified has been made published in the e-filing window of the PAN holder at the portal http://incometaxindiaefiling.gov.in. The PAN holder, the release said can see the information using the link “Cash Transactions 2016” under ‘Compliance’ section of the portal. The release also said the taxpayer will be able to submit online explanation without any need to visit Income Tax office. All identified persons are being informed through Email and SMS for submitting response online.

Back in April, the tax department had notified the new Income Tax Return forms which added a new column seeking information on cash deposits above Rs 2 lakh made during the 50-day demonetisation period. This information will be matched with the information in possession of the I-T department. “The taxpayer should ensure that ITR is compliant with amount deposited in bank accounts during the period of demonetisation and while computing income, the amounts so deposited are considered/ taken into account while paying taxes,” the statement said.

Cash deposits made in the above period may thus be fully and truly disclosed in the ITR, it added.

(With PTI inputs)

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  1. A
    ARC
    Jul 15, 2017 at 4:46 am
    This is part of love jihad where Muslim men are using their legal rights only have multiple wives and kidnapping and marrying minor Hindu girls. Their local mosque through their mullah is paying them for every kidnapping and the money comes from Saudi Arabia and Ppaakistan......3 Muslim jihadi arrested after 13-year-old is forcibly married by one jihadi as part of love jihad. Last month, the Delhi High Court had ordered police to track down the girl after her father had approached it. Three muslim jihadi have been arrested for kidnapping and marrying off a 13-year-old minor girl, who is now three-weeks pregnant. The Muslim man who kidnapped and married her surrendered at Saket court, along with the girl. She was kidnapped from southeast Delhi’s New Friends Colony by Idrish alias Iddu Khan of Hathras made up nikahnama showing married the minor girl as part of love jihad. The mullah was also arraested for faciliting the kidnappi
    Reply
    1. S
      Sense Talkin
      Jul 14, 2017 at 7:58 pm
      If now Pappu replies after his Name emerges in the list, then Media Guys! please please dont take his statement seriously...
      Reply
      1. S
        Singham
        Jul 14, 2017 at 10:29 pm
        Point is how many of the BJP party men or those corrupt members which switched over to BJP from the opposition (mostly from the Congress) come in the list? If there are none, we know what that means.
        Reply
        1. P
          Prasanta Mishra
          Jul 14, 2017 at 11:56 pm
          Still counting in last several months,chullu bhar pani men dub moron bhakts than khangressphebia and popuphebia....haa,haa,haa...tum bhakts chiti ki dimag rakhte hon,kya bola jaye tumko,gadheye.
          Reply
        2. R
          ramved
          Jul 14, 2017 at 6:51 pm
          In those lakhs of names - few are missing: a) Gali J. Reddy from Karnataka as he spend all the money on his daughter's wedding. Similarly, Sasikala, Marans, Chandrababu Naidu, Jagan, Lalu, Mayavati etc.. b) Politicians and Parties - They are not legally obliged to disclose their income/spending c) Hawala and Black money ders - like Lalit Modi, Vijay Mallya etc. They are sent abroad with guests of honor. But list definitely includes all the ladies/innocent people who save every penny for kids but saved more than 200000. Their only issue is - they saved money for their kids education because educational costs,housing costs and medical costs are rising like crazy. If you get/take loan and evade (the political influence you have the better money you make), then you will be left alone.
          Reply
          1. N
            Nagar Iyer
            Jul 14, 2017 at 9:09 pm
            Government is least bothered whose names are there and who possess black money. 12 Trillion rupees of PANIC DEPOSITS made after DEMONETIZATION ANNOUNCEMENT is lying in various banks. Almost all these DEPOSITS are BLACK MONEY and the REAL OWNERS will obviously not come forward to admit the fact. Government will seize the entire amount. MORE THAN APPREHENDING THE 'THIEF', THIS GOVERNMENT IS INTERESTED IN CONFISCATING THE 'STOLEN CASH' ONLY
            Reply
            1. R
              ramved
              Jul 14, 2017 at 9:41 pm
              Modiji would be Mahatma (or even more) - atleast I will consider if all the above obvious politician names film star names Business tycoon names surface in the list. Otherwise it is just a hoax and swindling the peoples hard earned money.
              1. S
                Singham
                Jul 14, 2017 at 10:31 pm
                How come you know but the RBI Governor does not know as he could not give any demonetisation figures to the Parliamentary Standing Committee?
                1. S
                  Singham
                  Jul 14, 2017 at 10:32 pm
                  Ramved, you forgot the Politicians who switched over to the BJP from the Congress and were once touted as the most corrupt. Will their names feature?
                  1. N
                    nihichsu
                    Jul 14, 2017 at 11:38 pm
                    What can be bigger punishment for the thief if his looted amount vanishes in thin air? Government gets the cash, Thief looses it totally. Perfect situation. The thief could not even go to complaint anywhere. NOthing can be better than this. Cannot understand why does this situation bother you?
                2. J
                  Jai hind
                  Jul 14, 2017 at 6:17 pm
                  Just a gimmick to divert the attention from the bad Mark earned by not disclosing the money came back to RBI ... It says the transactions doesn't match the IT profile .that doesn't mean that they were all dealing the black money .once they are scrutinized they will produce required source details and get rid of it
                  Reply
                  1. V
                    Viyan
                    Jul 14, 2017 at 6:13 pm
                    Good. Let us make it more strict. The middle class ried people are responsible for all financial problems of the country. We must make sure that we track their each and every transaction, even if one goes to a public toilet for and pays 5 rupees there transactions fee must be charged for each transactions. BUT YES, political parties should not be taxed for anything at all, neither should they disclose their source of income, nor their accounts, nor the transaction details, etc. Political parties are our flag bearers, and they help us understanding the real meaning of nationalism, they help us understand how we would have got freedom from british much earlier and easily if godse was the leading the movement instead of gandhi, they help us understand a lot of other things about medieval history and science like red-fort is not indian, magical power of peacocck tears, etc. We are lucky to have got real nationalists ruling us, now.
                    Reply
                    1. T
                      Truth
                      Jul 14, 2017 at 6:13 pm
                      And no accountability for BJP politicians who were allowed to buy benami properties and also allowed to deposit their cash before 8 th November 2016??? ---Oh yes ,, they have given all their details to Tadipur Fatty-Shah !!!
                      Reply
                      1. M
                        Mohan
                        Jul 14, 2017 at 6:49 pm
                        Is it a truth? Or your just a brain wave?
                        Reply
                        1. T
                          Truth
                          Jul 14, 2017 at 6:56 pm
                          Absolute truth----I have BJP MPs and MLAs and a Union Minister in my extended family----And I have only supported Mr. Vajpayee (and no party) so far !!!
                        2. C
                          cbonf
                          Jul 14, 2017 at 9:16 pm
                          If you have any 'tangible evidence' against any 'BJP politician' acquiring any 'Benami Property', you can move the respective court to (1) file an FIR against him or (2) Pray for a 'court monitored probe' against the said property. Almost all the 'major scandals' in India were 'exposed' and 'culprits punished' / 'in the process of being prosecuted' only through PRIVATE INITIATIVEs or PILs.
                          Reply
                          1. T
                            Truth
                            Jul 14, 2017 at 10:25 pm
                            These people are powerful and well-protected----way beyond ordinary mortals like us !
                            1. S
                              Singham
                              Jul 14, 2017 at 10:35 pm
                              Will you volunteer with money and time to do the same? Now don't say that don't make accusations because your entire campaign against the Congress is nothing but accusations.
                            2. R
                              Rahul
                              Jul 14, 2017 at 9:24 pm
                              Truth...you managed all this from porkistan...wonderful, indeed!
                              Reply
                              1. T
                                Truth
                                Jul 14, 2017 at 10:28 pm
                                A Dumb 🐷 like you can't think beyond Pork !
                            3. B
                              Binay
                              Jul 14, 2017 at 5:55 pm
                              Good catch! Please take all their additional deposits to government revenue. And also charge a fine to these guys on top of that. At least 33 of their personal deposit should be the charged for this offence. Please follow this even if politicians, bureaucrats, businessmen, bankers are found to be these guys.
                              Reply
                              1. M
                                Marhuum mullaa
                                Jul 14, 2017 at 5:54 pm
                                Abb inn sabb saallo saeyy inkii income kaa 75 percent fine maeyy lo, tabb haii baat. Koii court case nahii, koii appeal nahii. Ek mahinney maeyy jo paisaa jamaa karwayaa haii uskaa 75 percent sarkaari account maeyy warnaa 5 saall kii jail.
                                Reply
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