Bihar: RPF detain four persons with Rs 98.50 lakh

IT Department official sources said the Department would now investigate whether the said amount of Rs 98.50 lakh are accounted or unaccounted money, or whether the money is in accordance with the books.

By: PTI | Patna | Published:November 13, 2016 9:25 pm
demonetisation, 500-1000 rupee notes invalid, demonetisation effect, poor suffer due to demonetisation, visually impaired cheated, Narendra Modi, Demonetisation of currency, indian express news A large queue of people wait outside a bank to exchange Indian currency in the denominations of 1000 and 500 that have been declared to be of no value. (Source: AP)

The Railway Protection Force on Sunday detained four persons and seized Rs 98.50 lakh, in Rs 1,000 and Rs 500 denomination currency notes, from their possession in a train at Danapur railway station of Patna district. Acting on a tip-off, RPF Inspector R K Kachhvaha with other officers raided the AC bogey (AC-3) of Danapur-Udhna Express at Danapur railway station and recovered Rs 98,50,000 from the possession of four persons, including two women, RPF Senior Commandant C M Mishra told reporters.

Mishra said the four persons along with the recovered amount had been handed over to the Income Tax (IT) Department.

IT Department official sources said the Department would now investigate whether the said amount of Rs 98.50 lakh are accounted or unaccounted money, or whether the money is in accordance with the books.

If the amount is in accordance with the books, then the money would be returned and if it is found at variance with books, then assessment would be done to fix tax liability, sources said.