Cash deposits of over Rs 10,700 crore were made in different accounts in the northeastern states since November 10, the official said. Cash deposits of over Rs 10,700 crore were made in different accounts in the northeastern states since November 10, the official said. THE TAX Department has reportedly detected deposits of Rs 3-4 lakh crore of unaccounted income in over 60 lakh bank accounts during the 50-day window following the government’s decision to scrap high-denomination Rs 500 and Rs 1,000 currency notes. “The total amount deposited in these accounts is more than 7.34 lakh crore,” PTI said, quoting the official. The official added that over 6.80 lakh accounts out of the 60 lakh bank accounts have been matched with the existing database available with the government.

Source: Indian Express January 10, 2017 19:45 UTC