Undisclosed Rs 1.64 crore in Jan Dhan accounts
8 years, 3 months ago

Undisclosed Rs 1.64 crore in Jan Dhan accounts

Deccan Chronicle  

New Delhi: Income tax department has started investigating the sudden surge in funds deposited in Jan Dhan accounts post- demonetisation of Rs 500 and Rs 1,000 currency notes on November 8. The I-T department said on Friday that its investigations across India into the sudden surge in cash deposits in Jan Dhan accounts have revealed various inconsistencies. During its investigation, the I-T department has already found undisclosed money of Rs 1.64 crore being deposited in such accounts by people who never filed income tax returns as their annual income is allegedly below taxable limits. There has been a huge surge in Jan Dhan Accounts with Rs 21,000 crore deposited in them after demonetisation.

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History of this topic

Rs 60 lakh in cash seized in Jharkhand electricity board fake withdrawal case
2 months ago

Rs 60 lakh in cash seized in Jharkhand electricity board fake withdrawal case

India Today  

In its crackdown in the case related to the fraudulent withdrawal of funds from the Jharkhand State Electricity Board, the Special Investigation Team probing the matter recovered Rs 60 lakh in cash from a location linked to a local bank branch manager, officials said on Saturday. On the information of one Lokeshwar Shah, who was arrested earlier, Rs 76.38 lakh …

Embezzlement of government funds: SIT freezes ₹47.96 crore; seizes 1.83 crore cash in Jharkhand
2 months ago

Embezzlement of government funds: SIT freezes ₹47.96 crore; seizes 1.83 crore cash in Jharkhand

The Hindu  

“The Special Investigation Team has frozen around ₹47.96 crore in various accounts, recovered ₹1.83 crore in cash and seized jewellery worth ₹16.70 lakh in connection with government funds embezzlement cases,” a police statement said on Saturday. “The SIT, led by Anti-Terrorist Squad Superintendent of Police Rishabh Jha, is investigating the fraudulent withdrawal cases involving around ₹109 crore from accounts linked …

Over 540 million bank accounts opened under Pradhan Mantri Jan Dhan Yojana: Report
3 months, 2 weeks ago

Over 540 million bank accounts opened under Pradhan Mantri Jan Dhan Yojana: Report

Live Mint  

New Delhi: A total of 540.5 million bank accounts have been opened under the government's flagship financial inclusion scheme Pradhan Mantri Jan Dhan Yojana as of November, according to the Inclusive Finance India Report 2024. Launched on Thursday at the Global Inclusive Finance Summit 2024 in Delhi, organised by ACCESS Development Services, the report noted the accounts have a total …

Over 9.46 cr Jan Dhan accounts opened in U.P. in last 10 years
7 months ago

Over 9.46 cr Jan Dhan accounts opened in U.P. in last 10 years

Hindustan Times  

As the Pradhan Mantri Jan Dhan Yojana, an ambitious financial inclusion initiative, completed 10 years on Wednesday, Uttar Pradesh emerged as a leading state with over 9.46 crore Jan Dhan accounts—18% of the more than 53 crore accounts opened across the country during this period. The total deposits in Jan Dhan accounts across the state have reached an impressive ₹ …

Jan Dhan Yojana revolutionised financial inclusion in India, more than 50 cr bank a/cs opened: FM
1 year, 7 months ago

Jan Dhan Yojana revolutionised financial inclusion in India, more than 50 cr bank a/cs opened: FM

The Hindu  

Finance Minister Nirmala Sitharaman on August 28 said Jan Dhan Yojana-led interventions and digital transformation have revolutionised financial inclusion in the country, as more than 50 crore people have been brought into the formal banking system with cumulative deposits surpassing ₹2 lakh crore. On the ninth anniversary of the Pradhan Mantri Jan Dhan Yojana, which is one of the biggest …

‘Significant milestone’, says PM Modi as Jan-Dhan accounts cross 500 million
1 year, 7 months ago

‘Significant milestone’, says PM Modi as Jan-Dhan accounts cross 500 million

Hindustan Times  

Prime Minister Narendra Modi on Saturday said it is a “significant milestone” that the flagship scheme for financial inclusion – Pradhan Mantri Jan-Dhan Yojana – has crossed 500 million, with 56% of bank accounts belonging to women and 67% of those opened in rural and semi-urban areas. Prime Minister Narendra Modi Read here: PM Modi focused on unorganised sector to …

PM Modi Applauds 50-Crore Mark for Jan Dhan Accounts Over Half Owned by Women
1 year, 7 months ago

PM Modi Applauds 50-Crore Mark for Jan Dhan Accounts Over Half Owned by Women

Deccan Chronicle  

New Delhi: Prime Minister Narendra Modi on Saturday lauded the feat of the number of Jan Dhan accounts crossing the 50-crore mark as a significant milestone.It is heartening to see that more than half of these accounts belong to women, Modi posted on X. The Union Finance Ministry said on Friday that the total number of Jan Dhan accounts in …

PM Jan-Dhan Yojana adds 500 mn accounts; deposits cross ₹2.03 trillion
1 year, 7 months ago

PM Jan-Dhan Yojana adds 500 mn accounts; deposits cross ₹2.03 trillion

Live Mint  

New Delhi: Pradhan Mantri Jan-Dhan Yojana, the scheme which is responsible for providing basic banking facilities to the underprivileged and further catalysing the government’s mission for financial inclusion, now has in excess of 500 million accounts with deposits crossing ₹2.03 lakh crore. “As per the latest reports submitted by banks the total number of Jan Dhan accounts have crossed 50 …

Big deposits of ₹2,000 notes in Jan Dhan accounts will draw tax scrutiny
1 year, 10 months ago

Big deposits of ₹2,000 notes in Jan Dhan accounts will draw tax scrutiny

Hindustan Times  

Mass cash deposits are likely to come under scanner to catch tax evaders using third party bank accounts to hide their wealth while exchanging ₹2,000 notes, according to officials aware of the development, who said sudden large deposits in multiple Jan Dhan Yojana accounts may also be scrutinised. Banks have been instructed to report “suspicious” account transactions and tax authorities …

Jan Dhan Accounts Grow Threefold To 46.25 Crore Since Inception; Know Key Benefits
2 years, 7 months ago

Jan Dhan Accounts Grow Threefold To 46.25 Crore Since Inception; Know Key Benefits

News 18  

Financial inclusion scheme Pradhan Mantri Jan Dhan Yojna was launched by Prime Minister Narendra Modi on August 28, 2014. The success of the PMJDY since August 28, 2014 is reflected in terms of opening of over 46 crore bank accounts with deposit balance of Rs 1.74 lakh crore with its expanded coverage to 67 per cent rural or semi-urban areas …

PM Jan Dhan Yojana: Redefining Financial Inclusion, the Narendra Modi Way
3 years, 2 months ago

PM Jan Dhan Yojana: Redefining Financial Inclusion, the Narendra Modi Way

News 18  

Pradhan Mantri Jan Dhan Yojana was launched on August 28, 2014, with the objective to ensure accessibility to various financial services like availability of basic savings bank account, need-based credit, remittance facility, insurance, micro-credit and pension to the excluded sections, which includes the weaker sections and low-income groups. The Jan Dhan Revolution Coming back to Jan Dhan, more than 44.34 …

Over ₹900 crore deposited in bank accounts of 2 boys in Bihar: Report
3 years, 6 months ago

Over ₹900 crore deposited in bank accounts of 2 boys in Bihar: Report

Hindustan Times  

The bank accounts of two children in Bihar received huge amount of money that surprised not only their families, but the entire village, Hindustan Times' sister publication Livehindustan reported on Wednesday. The boys hold the account in Uttar Bihar Gramin Bank in Bihar's Katihar district. The boys visited the local Centralised Precessing Centre of State Bank of India to find …

Jan Dhan Accounts Swell to 43 Cr with Total Deposits Over Rs 1.46 Lakh Cr
3 years, 7 months ago

Jan Dhan Accounts Swell to 43 Cr with Total Deposits Over Rs 1.46 Lakh Cr

News 18  

New Delhi: Bank accounts under Pradhan Mantri Jan Dhan Yojna have increased to 43 crore with total deposits over Rs 1.46 lakh crore, the finance ministry on Saturday said as the government's flagship financial inclusion scheme completes seven years of implementation. Out of total 43.04 crore PMJDY accounts, 36.86 crore or 85.6 per cent are operative, and the average deposit …

7 years of Jan Dhan Yojana and how it is changing lives of the poor: 43.04 crore beneficiaries with Rs. 146,230.71 cr in deposits
3 years, 7 months ago

7 years of Jan Dhan Yojana and how it is changing lives of the poor: 43.04 crore beneficiaries with Rs. 146,230.71 cr in deposits

Op India  

There was a time when having a bank account was considered a luxury by the poor and marginalized. Jan Dhan Yojana’s role in women empowerment According to a recent report published by Women’s World Banking and Bank of Baroda titled “The Power of Jan Dhan: Making Finance Work for Women in India”, 55% of PMJDY accounts are owned by women …

18 lakh Haryana farmers received ₹2,225 crore under PM Kisan Yojana: Khattar
4 years, 3 months ago

18 lakh Haryana farmers received ₹2,225 crore under PM Kisan Yojana: Khattar

Hindustan Times  

Haryana chief minister Manohar Lal Khattar on Friday said over ₹2,225 crore have been deposited in the bank accounts of 18 lakh farmers of the state after the launch of Pradhan Mantri Kisan Samman Nidhi Yojana. Haryana chief minister Manohar Lal Khattar Under this flagship scheme launched in 2019 for the welfare of farmers, the Union government provides a financial …

I-T Dept Detects Rs 75 Crore Unaccounted Income After Raids on Traders in Poll-bound Bihar
4 years, 4 months ago

I-T Dept Detects Rs 75 Crore Unaccounted Income After Raids on Traders in Poll-bound Bihar

News 18  

The Income Tax Department had detected “undisclosed” income of Rs 75 crore after it raided some contractors and traders at multiple places in the poll-bound Bihar, the CBDT said on Friday. The searches, so far, have led to unearthing of unaccounted income of about Rs 75 crore,” the Central Board of Direct Taxes said in a statement. “These documents and …

Bank accounts opened under Jan Dhan Yojana crosses 40-crore mark
4 years, 7 months ago

Bank accounts opened under Jan Dhan Yojana crosses 40-crore mark

The Hindu  

More than 40 crore bank accounts have been opened under the government’s flagship financial inclusion drive Pradhan Mantri Jan Dhan Yojana, launched about six years ago by the Modi-government. As per the latest figure, there are 40.05 crore beneficiaries of this scheme and deposits in Jan Dhan bank accounts are in excess of ₹1.30 lakh crore. “Another milestone achieved under …

Bank Accounts Opened under Jan Dhan Yojana Cross 40 Crore-mark 6 Years after Scheme was Launched
4 years, 7 months ago

Bank Accounts Opened under Jan Dhan Yojana Cross 40 Crore-mark 6 Years after Scheme was Launched

News 18  

More than 40 crore bank accounts have been opened under the government's flagship financial inclusion drive Pradhan Mantri Jan Dhan Yojana, launched about six years ago by the Modi-government. As per the latest figure, there are 40.05 crore beneficiaries of this scheme and deposits in Jan Dhan bank accounts are in excess of Rs 1.30 lakh crore. "Another milestone achieved …

Second installment of ₹500 to be credited to Jan Dhan accounts from May 4: Finance Ministry
4 years, 10 months ago

Second installment of ₹500 to be credited to Jan Dhan accounts from May 4: Finance Ministry

The Hindu  

Women Jan Dhan bank account holders will start getting the second installment of ₹500 from Monday in line with the announcement made by Finance Minister Nirmala Sitharaman in March. To help the poor tide over the COVID-19 crisis, the government had on March 26 said ex-gratia payment of ₹500 would be credited to women Jan Dhan account holders for the …

Deposits in Jan Dhan accounts surge in 1st week of April
4 years, 11 months ago

Deposits in Jan Dhan accounts surge in 1st week of April

The Hindu  

The deposits in Jan Dhan accounts saw a sudden surge in the first week of April, mainly due to the Central government transferring money into such accounts to help beneficiaries deal with the difficulties during the lockdown. According to official data, the total deposits into the accounts opened under the Pradhan Mantri Jan Dhan Yojana increased to ₹1.28 lakh crore …

Coronavirus Outbreak: Govt to deposit Rs 1,000 in women PMJDY accounts in next two months in equal instalments
4 years, 11 months ago

Coronavirus Outbreak: Govt to deposit Rs 1,000 in women PMJDY accounts in next two months in equal instalments

Firstpost  

Urging people not to believe rumours, the finance ministry on Thursday said Rs 500 has been deposited in each PMJDY account held by women for April and Rs 1,000 more will be given over the next two months in equal instalments New Delhi: Urging people not to believe rumours, the finance ministry on Thursday said Rs 500 has been deposited …

Government to deposit ₹1,000 in women PMJDY accounts in two instalments
4 years, 11 months ago

Government to deposit ₹1,000 in women PMJDY accounts in two instalments

The Hindu  

Urging people not to believe in the rumours, the Finance Ministry on April 9 said ₹500 has been deposited in each Pradhan Mantri Jan Dhan Yojana account held by women for April and ₹1,000 more will be given over the next two months in equal instalments. The Department of Financial Services in a tweet said the government has deposited ₹500 …

Centre credits ₹500 each to over 4.07 crore women Jan Dhan account holders
4 years, 11 months ago

Centre credits ₹500 each to over 4.07 crore women Jan Dhan account holders

The Hindu  

The Centre credited the first instalment of ₹500 to over four crore Jan Dhan accounts of poor women on Friday as part of a relief package in view of the nationwide lockdown due to the coronavirus outbreak, the Rural Development Ministry said. Interactive map of confirmed coronavirus cases in India | State Helpline numbers The amount is being released by …

I-T Dept. seizes ₹12 crore from two safety vaults at Opera House
5 years, 5 months ago

I-T Dept. seizes ₹12 crore from two safety vaults at Opera House

The Hindu  

With the Assembly polls just days away, the Income Tax Department has made one of its biggest seizures of unaccounted cash. On Thursday, the I-T Department seized around ₹12 crore from two privately-owned safety vaults at Opera House in Charni Road. Sources said ₹5.27 crore was seized from Siddhi Safe Vaults Private Ltd. and ₹6.40 crore from Shree Mumbadevi Safe …

Deposits in Jan Dhan accounts cross ₹1-trillion mark
5 years, 8 months ago

Deposits in Jan Dhan accounts cross ₹1-trillion mark

Live Mint  

New Delhi: Deposits in bank accounts opened under Jan Dhan scheme, launched about five years ago by the Modi-government, have crossed the ₹1 lakh crore mark. As per the latest finance ministry data, the total balance in over 36.06 crore Pradhan Mantri Jan Dhan Yojana accounts was at ₹1,00,495.94 crore as on 3 July. Accounts opened under PMJDY are Basic …

Deposits in Pradhan Mantri Jan Dhan Yojana accounts cross Rs 1 lakh cr-mark: Finance Ministry data
5 years, 8 months ago

Deposits in Pradhan Mantri Jan Dhan Yojana accounts cross Rs 1 lakh cr-mark: Finance Ministry data

Firstpost  

New Delhi: Deposits in bank accounts opened under Jan Dhan scheme, launched about five years ago by the Modi-government, have crossed the Rs 1 lakh crore mark. As per the latest finance ministry data, the total balance in over 36.06 crore Pradhan Mantri Jan Dhan Yojana accounts was at Rs 1,00,495.94 crore as on 3 July. The finance ministry had …

Jan Dhan Yojana’s triumph shows financial inclusion gaining pace; scheme a launching pad for success of DBT, other products
5 years, 10 months ago

Jan Dhan Yojana’s triumph shows financial inclusion gaining pace; scheme a launching pad for success of DBT, other products

Firstpost  

Allegations of large-scale misuse of Jan Dhan accounts by black money hoarders seeking to convert their illegitimate wealth in cash during demonetisation are yet to be proved. The aggregate deposits in the Pradhan Mantri Jan Dhan Yojana accounts are currently close to Rs 1 lakh crore, having grown ten-fold from the Rs 10,500 crore in the first phase of the …

Deposits in Jan Dhan accounts inch towards Rs 1 lakh crore mark; total stand at Rs 96,107 crore
5 years, 11 months ago

Deposits in Jan Dhan accounts inch towards Rs 1 lakh crore mark; total stand at Rs 96,107 crore

Firstpost  

The total balance in the Jan Dhan accounts, which has been steadily rising, was at Rs 97,665.66 crore as on 3 April, as per the latest government data New Delhi: The total deposits in bank accounts opened under the Jan Dhan scheme, which was launched about five years ago by the Modi-government, are set to cross Rs 1 lakh crore …

Deposits in Jan Dhan accounts set to cross ₹90,000 crore
6 years, 1 month ago

Deposits in Jan Dhan accounts set to cross ₹90,000 crore

Live Mint  

Total deposits in Jan Dhan accounts are set to cross ₹90,000 crore with the government making the flagship financial inclusion programme more attractive especially by doubling accident insurance cover to ₹2 lakh. According to data from the finance ministry, the deposits, which have been steadily rising since March 2017, have already reached ₹89,257.57 crore as on January 30, and are …

Jan Dhan accounts weren’t intrinsically misuse-prone; P Chidambaram’s rant ignores past indulgences
6 years, 4 months ago

Jan Dhan accounts weren’t intrinsically misuse-prone; P Chidambaram’s rant ignores past indulgences

Firstpost  

If four out of five Jan Dhan accounts are inactive and the bulk of them are for money laundering then how can the no-frills accounts opened under Chidambaram’s UPA government smell of roses? Senior Congress leader and former finance minister P Chidambaram has railed against the Narendra Modi government’s Jan Dhan initiative on several counts calling it a jumla and …

P Chidambaram calls Narendra Modi's Jan Dhan Yojana 'jumla', alleges scheme used to launder money after demonetisation
6 years, 4 months ago

P Chidambaram calls Narendra Modi's Jan Dhan Yojana 'jumla', alleges scheme used to launder money after demonetisation

Firstpost  

P Chidambaram said the increase in the number of Jan Dhan accounts has not translated into greater flow of credit to the rural population. New Delhi: Congress leader P Chidambaram said on Thursday that Pradhan Mantri Jan Dhan Yojana was a jumla and “an exercise in self-deception” by the Narendra Modi government, alleging that the accounts were used to launder …

Modified JanDhan scheme attracts 20 lakh new subscribers, total account holders reach 32.61 crore
6 years, 6 months ago

Modified JanDhan scheme attracts 20 lakh new subscribers, total account holders reach 32.61 crore

India TV News  

The modified version of the Pradhan Mantri Jan Dhan Yojna has attracted 20 lakh new subcribers, who are eyeing the new open-ended feature with higher insurance cover and double the overdraft facility. Under the revamped scheme, accidental insurance cover for new RuPay card holders has been raised from Rs 1 lakh to Rs 2 lakh for new PMJDY accounts opened …

Amid cash crunch, Income Tax Department seizes Rs 14.48 crore from hoarders during raids across India
6 years, 11 months ago

Amid cash crunch, Income Tax Department seizes Rs 14.48 crore from hoarders during raids across India

Firstpost  

New Delhi: The Income Tax Department has seized Rs 14.48 crore in cash during raids at multiple locations, including in poll-bound Karnataka, in the wake of recent cash crunch in the country, officials said on Thursday. “The total cash seized in these searches is Rs 14.48 crore and the seized currency is largely in the higher denominations of Rs 2,000 …

Govt says 20% or over 6 cr accounts opened under Pradhan Mantri Jan Dhan Yojana lying dormant – Firstpost
7 years ago

Govt says 20% or over 6 cr accounts opened under Pradhan Mantri Jan Dhan Yojana lying dormant – Firstpost

Firstpost  

An estimated 31.20 crore Jan Dhan accounts with an aggregate deposit balance of over Rs 75,000 crore were opened till February, out of which 25.18 crore were operative, Minister of State for Finance Shiv Pratap Shukla told the Rajya Sabha New Delhi: Almost 20 percent of the total 31 crore Jan Dhan accounts are lying dormant, the government said on …

Taxman slaps 1.16 lakh notices for suspicious cash deposits post demonetisation
7 years, 4 months ago

Taxman slaps 1.16 lakh notices for suspicious cash deposits post demonetisation

India TV News  

The Income Tax Department has slapped notices on 1.16 lakh individuals and firms which made cash deposits of more than Rs. 25 lakh in bank accounts post note ban but failed to file returns by the due date, CBDT Chairman Sushil Chandra said. "There are 1.16 lakh people who have deposited more than Rs 25 lakh in cash after demonetisation …

One year of demonetisation: I-T to issue 1,00,000 notices for unexplained deposits post note ban
7 years, 4 months ago

One year of demonetisation: I-T to issue 1,00,000 notices for unexplained deposits post note ban

India TV News  

The Income Tax Department is set to issue notices to about 100,000 entities and individuals, who deposited huge cash in banks post demonetisation and whose tax returns have been picked for a detailed probe into suspected discrepancies, official sources said on Tuesday. In the first tranche, notices will be issued to 70,000 entities who deposited over Rs 50 lakh in …

Jan Dhan Yojana: showing small, but steady impact on our lives
7 years, 5 months ago

Jan Dhan Yojana: showing small, but steady impact on our lives

Op India  

Launched by Prime Minister Narendra Modi in August 2014, just months after assuming office, Jan Dhan Yojana is India’s mission for financial inclusion and last mile connectivity, is finally showing small, but impactful results. In a 2017 working paper, Georgetown University professor Sumit Agarwal and his co-authors studied account activity in 1.5 million PMJDY accounts from August 2014 to May …

New agency to probe anomalies in Income Tax returns filed post demonetisation
8 years, 1 month ago

New agency to probe anomalies in Income Tax returns filed post demonetisation

The Hindu  

There is a move to set up an agency to investigate anomalies in income tax returns filed by 18 lakh people after demonetisation, Union Minister Radha Mohan Singh said on Wednesday. Post demonetisation, ₹15 lakh crore was deposited in banks, he said. “As many as 18 lakh people have filed income tax returns showing their income as ₹12 lakh but …

I-T department assuages probe concerns, says not to question deposits up to Rs 2.5 lakh
8 years, 1 month ago

I-T department assuages probe concerns, says not to question deposits up to Rs 2.5 lakh

Firstpost  

The department has accumulated a large data on deposits made in banks after the government banned old Rs 500 and Rs 1000 notes on November 8 The Income Tax department has said no questions will be asked about deposits of up to Rs 2.5 lakh and only those accounts will be probed that do not match the tax returns. The …

Post note ban deposits cross Rs 10 lakh crore mark, IT Dept readies action plan to spot black money holders
8 years, 1 month ago

Post note ban deposits cross Rs 10 lakh crore mark, IT Dept readies action plan to spot black money holders

India TV News  

The deposits made in old Rs 500 and Rs 1000 notes within the 50-day demonetisation window provided by Prime Minister Narendra Modi have crossed the Rs 10 lakh crore mark. A total of 18 lakh bank accounts with over Rs 5 lakh deposits each have been circled out by the tax department. CBDT Chairman Sushil Chandra said 10 days' time …

Post-note ban, 18 lakh depositors under Income Tax scanner
8 years, 1 month ago

Post-note ban, 18 lakh depositors under Income Tax scanner

Deccan Chronicle  

Thane: As much as 16.51 per cent cash deposits out of the total 1.09 crore deposits made across the country during the demonetisation period were now under the scanner of Income Tax department, officials said on Wednesday. Addressing a press meet in Thane, Principal Commissioners of I-T, Thane, Sri Krishna and Pramod Kumar said notices were being sent to 18 …

Rs 5,000 crore withdrawn from Jan Dhan accounts post note ban
8 years, 2 months ago

Rs 5,000 crore withdrawn from Jan Dhan accounts post note ban

India TV News  

Rs 5,000 crore withdrawn from Jan Dhan accounts post note ban Since December 7, Jan Dhan accounts have witnessed a net withdrawal of Rs 5,582.83 crore. Total deposits had increased to a record high of Rs 74,610 crore on December 7 and thereafter, it saw a Since December 7, Jan Dhan accounts have witnessed a net withdrawal of Rs 5,582.83 …

Rs5,583 crore withdrawn from Jan Dhan accounts in a month post note ban
8 years, 2 months ago

Rs5,583 crore withdrawn from Jan Dhan accounts in a month post note ban

Live Mint  

New Delhi: Jan Dhan accounts have witnessed net withdrawal of Rs5,582.83 crore since 7 December, the day deposits in these accounts soared to all time high in the backdrop of demonetisation. Total deposits in Jan Dhan accounts had increased to a record high of Rs74,610 crore on 7 December and thereafter, it started gradual decline to close at Rs69,027.17 crore …

I-T suspects Rs 3-4 lakh crore evaded income deposited in banks post note ban
8 years, 2 months ago

I-T suspects Rs 3-4 lakh crore evaded income deposited in banks post note ban

India TV News  

I-T suspects Rs 3-4 lakh crore evaded income deposited in banks post note ban The government’s analysis of bank deposits post-demonetisation so far show an estimated Rs 3-4 lakh crore of tax-evaded income deposited in old notes during the 50-day window provided to get rid of junked Rs 500/1000 notes. A senior official said the Income Tax Department has been …

Demonetisation: Tax evasion suspected in Rs 3-4 lakh cr deposits post note ban
8 years, 2 months ago

Demonetisation: Tax evasion suspected in Rs 3-4 lakh cr deposits post note ban

Firstpost  

“We now have trunkloads of data, analysis of which shows that more than Rs 2 lakh was deposited in over 60 lakh bank accounts post demonetisation. A senior official said Income Tax Department has been asked to scrutinise details and send notices to depositors of of Rs 3-4 lakh crore on which tax could have been evaded. More than Rs …

Post-demonetisation, I-T dept detected Rs 4,807 cr undisclosed income, seized Rs 112 cr of new notes
8 years, 2 months ago

Post-demonetisation, I-T dept detected Rs 4,807 cr undisclosed income, seized Rs 112 cr of new notes

India TV News  

Following the demonetisation of high-value currency announced on November 8, India's Income Tax Department has detected undisclosed income of over Rs 4,807 crore and seized new notes worth Rs 112 crore, an official source here said on Sunday. On Decmber 16, the I-T Department had announced it had uncovered concealed income to the tune of Rs 2,600 crore and had …

In post-demonetisation raids, I-T dept uncovered Rs 4,663 cr of ‘undisclosed income’: Report
8 years, 2 months ago

In post-demonetisation raids, I-T dept uncovered Rs 4,663 cr of ‘undisclosed income’: Report

India TV News  

In post-demonetisation raids, I-T dept uncovered Rs 4,663 cr of ‘undisclosed income’: Report In a massive crackdown on black money hoarders across the country, the Income Tax Department has detected over Rs 4,663 crore of undisclosed income post the demonetisation of two high-value currencies by the government. In a massive crackdown on black money hoarders across the country, the Income …

Hyderabad: BPL man deposits Rs 17 crore, Income-Tax dept grills him
8 years, 2 months ago

Hyderabad: BPL man deposits Rs 17 crore, Income-Tax dept grills him

Deccan Chronicle  

Hyderabad: The Income-Tax department has found another big bank deposit and it is in the account of a depositor identified as being in the below poverty line category. I-T officers said he is engaged in small roadside businesses in the city and he claimed someone else had deposited the money in his account. The account was opened in a nationalised …

Suspected deposits worth Rs 4 lakh crore under IT lens, notices to be served to a/c holders to explain source: Report
8 years, 2 months ago

Suspected deposits worth Rs 4 lakh crore under IT lens, notices to be served to a/c holders to explain source: Report

India TV News  

In another firm step against black money hoarders, the Income Tax Department, based on estimates that unaccounted money worth Rs 4 lakh crore may have flown into bank accounts post demonetisation, is gearing up to serve notices to those who cannot explain the source of the money. According to a Times of India report, the data accumulated by the I-T …

Odisha: Probe into suspicious transaction in Jan Dhan accounts
8 years, 3 months ago

Odisha: Probe into suspicious transaction in Jan Dhan accounts

Deccan Chronicle  

Cuttack: The police are investigating repeated deposits and withdrawal of large amounts of money in Jan Dhan bank accounts of around 13 members of a Self-Help Group here, the police said on Thursday. The account holders of Gopinathpur branch of a bank claim that they have not operated their accounts even once after the accounts were opened last year. The …

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