I-T Department confirms information about black money in bank accounts post note ban - News Summed Up

I-T Department confirms information about black money in bank accounts post note ban


The department has said that it has information about black money in the Madhya Pradesh-Chhattisgarh region post demonetization. Income Tax department has confirmed information about the black money deposited in the bank accounts in Madhya Pradesh-Chhattisgarh (MP-CG) region after demonetization, claimed a senior I-T officer on Friday. "We have information about all the deposits made in the banks and other financial institutions after demonetization in MP-CG region. When asked as to why the I-T department was not conducting searches if having confirmed information about black money, Jaiswal said "We (I-T officers) don't make policies. He, however, refused to disclose the information that how many people have revealed their income under PMGKY in MP- CG region so far.


Source: dna January 27, 2017 14:46 UTC



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