• Welcome to Tamil Brahmins forums.

    You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our Free Brahmin Community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today!

    If you have any problems with the registration process or your account login, please contact contact us.

Tax dept scans 1 crore accounts under 'Operation Clean Money'

Status
Not open for further replies.
Tax dept scans 1 crore accounts under 'Operation Clean Money'

February 05, 2017 11:07

In a bid to clamp down on unaccounted money funnelled into bank accounts post demonetisation, the tax department has scrutinised and matched as many as 1 crore accounts and asked 18 lakh people to explain the source of fund.


The tax department has run big data analytics through more than a crore accounts in its data bank and done matching with the taxpayer profile of the holder, a top source said.


As per I-T records, there are 3.65 crore individuals who filed income tax returns. Besides, there are over 7 lakh companies, 9.40 lakh Hindu Undivided Families and 9.18 lakh firms who filed ITRs during Assessment Year 2014-15.


Also, over 25 crore zero-balance Jan Dhan accounts were opened as part of the financial inclusion drive.


Sources said I-T department is scrutinising all categories of accounts and will send out more SMS/emails for suspicious deposits under 'Operation Clean Money'.


"We have initially matched 1-crore accounts with the profile in our database and identified 18 lakh people with suspicious deposits of over Rs 5 lakh. We will expand the scope of data analytics further and match the profiles with our data base," the source said.


http://news.rediff.com/commentary/2...-clean-money/906875fcc89af6a712e3016fc7d018df
 
Status
Not open for further replies.

Latest ads

Back
Top