Sunday, November 19 2017

August 31, 2017

14000 properties worth over of Rs 1 crore each under scrutiny of I-T dept

The Finance Ministry said that 14 thousand properties worth over one crore rupees each are under scrutiny of Income Tax Department as owners have not filed their income returns.In the first phase of Operation Clean Money, 18 lakh suspect cases were identified through use of data analytics where cash transactions did not appear to be in line with the tax profile of depositors. said ministry. The success of the first phase was also attributable to the massive taxpayers’ awareness and media campaigns on Operation Clean Money.