Income Tax Searches lead to Admission of Undisclosed Incomes of ₹ 2600 Crore since 8th November, 2016

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..... Income Tax Searches lead to Admission of Undisclosed Incomes of ₹ 2600 Crore since 8th November, 2016 - News and Press Release Dated:- 17-12-2016 - News - The Income Tax Department has continu .....

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..... ously been carrying out investigations since the de-monetisation of Old High Denomination (OHD) currency announced by the Government on 8th November, 2016. While Searches have been carried out in 291 .....

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..... cases across the country, 295 cases have been covered by survey action. In addition to these, open enquiries have been effected in more than 3000 cases. Approximately ₹ 393 Crore including ͅ .....

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..... 7; 316 Crore cash and ₹ 77 Crore worth of jewellery has been seized. Of the cash seizure, about ₹ 80 Crore is in new currency. As a result of these investigations, approximately ₹ 26 .....

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..... 00 Crore of undisclosed income has been admitted by the taxpayers. The success of the Department in unearthing undisclosed incomes and detecting large scale malpractices is due to its focused enfor .....

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..... cement actions based upon high quality data analytics under various categories thereby identifying and prioritizing high risk persons/groups. This, coupled with the professional manner of conducting t .....

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..... he investigations in a swift and confidential manner, has helped the Department make an impact in a short time. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagemen .....

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..... t - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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