Income Tax department +demonetisation +NEW DELHI: Thehas identified 18 lakh people who have made 'suspicious' cash deposits post, including those having deposited over Rs 5 lakh. Central Board of Direct Taxes (CBDT) chairman Sushil Chandra said 10 days' time would be given to people to reply to the e-communication and replies can be filed by logging on to the e-filing portal of the Income Tax department. "In the initial phase, we are putting data of those persons who have deposited Rs 5 lakh or more and deposits between Rs 3 lakh and Rs 5 lakh of suspicious nature and who have poor tax compliance after November 8," Chandra said.Initially, this will cover 18 lakh tax payers whose data will be uploaded on e-filing portal. "We have compared these vast data with the income profile, turnover and the various other particulars of income available in the income tax data bank. "Swachh Dhan Abhiyan is a continuous exercise to widen and deepen the tax base.

Source: Times of India January 31, 2017 13:41 UTC