Fight against black money: Government launches 'Operation Clean Money' website, says 'no longer safe to deal with excessive cash' - News Summed Up

Fight against black money: Government launches 'Operation Clean Money' website, says 'no longer safe to deal with excessive cash'


black money +collection of personal income tax +Central Board of Direct Taxes +NEW DELHI: The government on Tuesday added a new dimension to its fight againstin the country as it launched a website ' Operation Clean Money '. "The new website will help honest tax payers," Union Finance Minister Arun Jaitley said inaugurating the website.Jaitley warned those dealing in black money and said "It is no longer safe to deal with excessive cash, tax-evaded money. Chairman Sushil Chandra also said there was 22 per cent growth in e-filed returns post demonetisation. As many as 17.92 lakh people were identified for unexplained deposits post demonetisation, he said, adding the tax department has identified one lakh suspected tax avoidance cases. "We identified around 17.92 lakh persons in whose case the cash transactions did not appear in line with the taxpayers' profiles.


Source: Times of India May 16, 2017 12:48 UTC



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