UP shopkeeper deposits Rs 27 lakh in Jan Dhan account, under I-T scanner

A senior bank official told The Indian Express that they received a letter from the assistant director, IT, Varanasi, instructing them to seize the account of the shopkeeper.

By: Express News Service | Lucknow | Published: December 6, 2016 4:10 am
jan dhan, jan dhan account, black money, money withdrawal, black money conversion, black money deposit, government question, income tax, indian express news, india news, demonetisation The bank officials reportedly told them that Gupta had about Rs 500 in his account before he deposited the old notes.

A shopkeeper who has a small sweet shop in Ghazipur district, in eastern Uttar Pradesh, is facing an Income Tax inquiry for depositing Rs 1,000 and Rs 500 notes adding up to Rs 27 lakh, in his Jan Dhan account at the Union Bank of India, three days after Prime Minister announced the demonetisation decision.

A senior bank official told The Indian Express that they received a letter from the assistant director (investigation), Income Tax, Varanasi on Monday, instructing them to seize the account of the shopkeeper, Ajay Gupta, 35.

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Gupta, who has been interrogated by I-T officials, claimed the cash belonged to his mother, Devanti Devi, who had kept it in her almirah without their knowledge. “I told Income Tax officials that it is my mother’s savings. She had been saving it for the last 20 years. Nobody in the house was aware that she had such a huge amount. After she came to know about the government’s move to scrap Rs 500 and Rs 1,000 notes, she asked me to deposit the cash,” said Gupta, a resident of Gosaipura locality in Ghazipur city.

“I visited the bank on November 11 and asked two officials at the Union Bank of India’s Rauza branch if I could deposit it in my Jan Dhan account. They allowed me to deposit the money,” he said.

On December 1, the I-T team arrived at the bank’s branch and made inquiries. The bank officials reportedly told them that Gupta had about Rs 500 in his account before he deposited the old notes. The I-T officials also recorded Gupta’s statement.

“I-T officials interrogated me and my mother. I have come to know that my account has been seized. I had earlier planned to hold my sister’s wedding this month, but have now postponed it,” said Gupta, adding that he had no other bank account.

“He told us most of the amount was his mother’s savings, while some of the cash was obtained after selling property,” said a bank official.

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