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TMI BlogAction on those Converting Black Money into White during DemonetizationX X X X Extracts X X X X X X X X Extracts X X X X ..... Action on those Converting Black Money into White during Demonetization X X X X Extracts X X X X X X X X Extracts X X X X ..... ns in relevant cases. During the period November 2016 to March, 2017, ITD conducted searches in 900 groups, involved in various activities and business, leading to seizure of ₹ 900 crores, including cash seizure of ₹ 636 crores. During the same period, 8239 surveys were conducted leading to detection of undisclosed income of ₹ 6745 crores. Further, a dedicated campaign was launc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hed to take focused action against non-filers who had deposited large value of cash during demonetisation period. Notices u/s 142(1) of the Income Tax Act, 1961 were issued to 3.04 lakh persons who had deposited cash of more than ₹ 10 Lakh but had not filed their return of income till the due date of filing. As a result, returns were filed by 2.09 lakh of such identified non-filers who have ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... paid self-assessment tax of ₹ 6,416 Crore. Because of sustained non-intrusive campaign during F.Y. 2017-18, the net collection of direct taxes increased by 18% at 10.03 lakh crore. There has also been exceptional growth in Personal Advance Tax of 23.4% and Personal Self-Assessment Tax of 29.9% in comparison to previous year. Further, the Enforcement Directorate has registered 37 cases under ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the provisions of Prevention of Money Laundering Act (PMLA), 2002 in connection with the irregularities relating to the demonetization. Investigations in these cases resulted in attachment of properties worth ₹ 144.71 crores and seizure of gold weighing 7.538 kg. Moreover, 18 persons were arrested under the provisions of PMLA, 2002 in connection with irregularities relating to demonetizatio ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n. Moreover, Central Bureau of Investigation (CBI) had registered 35 cases relating to demonetization during the period w.e.f. 8.11.2016 to 31.12.2016. The details are as under:- No. of cases registered during demonetization period Present Status Under Investigation Under Trial RDA Closed/SCN Sent PE converted into RC 35 8 21 2 3 1 However, disclosure of assessee specific informati ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on, is prohibited except as provided under Section 138 of the Income-tax Act, 1961.
This was stated by Shri Shiv Pratap Shukla, Minister of State for Finance in a Written Reply to a Question in Rajya Sabha today. X X X X Extracts X X X X X X X X Extracts X X X X
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