Tag: demonetisation

Demonetisation-searches-surveys verification and income detected by ITD from 9th November 2016 to 10th January 2017. Govt defends Demonetisation with data Press Information Bureau  Government of India Ministry of Finance 21-July-2017 17:28 IST Demonetisation: From 9th November 2016 to 10th January 2017, more than 1100 searches and surveys were …

Income Tax identifies 5.56 lakh high cash depositors from SFT information. 1.04 lakh persons not disclosed all bank accounts. Operation Clean Money-2nd phase Income Tax Department pushes additional cases of High Cash Deposits in Second Phase of Operation Clean Money The Income Tax Department (ITD) has used information …

SBNs accepted by DCCBs from 15-11-2016 onwards not acceptable for deposit-RBI. SBNs to be examined in detail in presence of DCCB representative Specified Bank Notes held by DCCBs RBI/2016-17/331 DCM (Plg) No.5720/10.27.00/2016-17 June 29, 2017 The Chairman / Managing Director/ Chief Executive Officer, District Central Co-operative Banks Madam/Dear …

Banks Post offices DCB to deposit SBN with RBI within 30 days. Specified Bank Notes (Deposit by Banks Post Offices and District Central Cooperative Banks) Rules 2017 MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION New Delhi, the 20th June, 2017 G.S.R. 611(E).—In exercise of the powers conferred …

New One Rupee Currency Note Printing Rule 2017 Notification. The Note shall be predominantly of pink green colour on obverse and reverse combination of others MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION New Delhi, the 25th May, 2017 G.S.R. 516(E).—In exercise of the powers conferred by clause …

Operation Clean Money-Traders top cash depositors during demonetization period. Income Tax Thematic Report on Taxpayer Segment Analysis The Income Tax Department on the occasion of launch of Operation Clean Money Portal by Finance Minister placed Operation Clean Money (OCM) Thematic Report #1 of May, 2017 related to Taxpayer Segment …

Operation Clean Money-High risk issues from taxpayers response-. Comprehensive risk assessment as High, Medium, Low, and Very Low -Status Report of ITD  The Income Tax Department on the occasion of launch of Operation Clean Money Portal by Finance Minister placed Operation Clean Money (OCM) Status Report of May, …

Operation Clean Money-Tax payers response. As per Status Report of ITD nearly 80% cash reported out of sales or past income/savings The Income Tax Department on the occasion of launch of Operation Clean Money Portal by Finance Minister placed Operation Clean Money Status Report of May, 2017.  As …

Modus operandi for conversion of unaccounted cash during Operation Clean Money/demonetization by bullion traders/jewellers, Petrol pumps, Contractors, Shell companies etc. The Income Tax Department on the occasion of launch of Operation Clean Money Portal by Finance Minister placed Operation Clean Money Status Report of May, 2017.  As per …

High cash sales during demonetization-more than 60000 persons identified for investigation. All the liable accounts will be brought to tax – CBDT  Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 14th April, 2017. PRESS RELEASE CBDT’s Operation Clean Money Reins …