Income-Tax department unearths undisclosed income of Rs 7,961 cr

Dec 18:The Income-Tax Department has unearthed undisclosed income of Rs 7,961 crore post demonetisation, from November last year to March, Parliament was informed on Monday, reports.
In a written reply to the Lok Sabha, Minister of State for Finance Pon Radhakrishnan said the department, during this period, conducted searches on around 900 groups, wherein assets worth over Rs 900 crore were seized and undisclosed income of Rs 7,961 crore was admitted.
Prime Minister Narendra Modi on November 8, 2016 had announced demonetisation of Rs 1,000 and Rs 500 notes in a major assault on black money, fake currency and corruption.
The minister further said that as per the data available to NCRB (National Crime Record Bureau), after cancellation of Legal Character of Specified Bank Notes, an amount of Rs 18.70 crore FICN (Fake Indian Currency Note have been seized by State Police till November 30, 2017 as against Rs 15.70 crore seized the year-ago period.
Source: Agencies


  
  

Comments


No comments yet! Be the first one to leave a comment.


Add Comment

Name:
Email:
Comment:

More India News


AAP MLAs' bail plea dismissed; party leaders slam Delhi police for rai ..


Sunanda Pushkar case: SC notice to Delhi Police on Subramanian Swamy's ..

- Jyotiraditya Scindia calls for projecting CM face ahead of MP polls, state Congr
- Hadiya: Embraced Islam, married Shafin Jahan on my own free will
- Rotomac Pen owner Vikram Kothari loan default case: CBI lodges FIR, raids underw
- Arvinder Singh Lovely rejoins Congress, says he was 'ideological misfit in BJP'
- At least 1,000 Bihar students expelled for cheating in Class 12 exams
- Cauvery verdict out: What was the dispute all about, what happens now
- JNU attendance issue is a bid to curb its political activism
- SC push for electoral reforms: Candidates now have to declare source of income a
- K P Sharma Oli gets second run in office, appointed Nepal's 41st Prime Minister
- In Arunachal, PM Modi targets Congress for corruption
- Where they are, what's in them: Why Army camps in Jammu are vulnerable
- Amid political row, Centre releases Rs 1269 cr for Andhra Pradesh projects
- Sunjwan army camp attacked: No point in chasing elusive peace with Pakistan; bet
- Srinagar hospital attack: Four arrested for helping Pakistani militant escape
- Darwin's theory of evolution to remain in school and college syllabus, says HRD
- Nagaland Assembly election: To contest or not, state BJP unit in a bind
- Fodder scam: Lalu Prasad, Jagannath Mishra found guilty in third case; both sent
- India among most trusted nations, but sees dip over last year; China tops list
- Agni-5 missile test launch poses fresh worry for China
- Pravin Togadia claims: Tipped off on police encounter, left for Jaipur to surren

Related News

I-T department uncovers Rs 45,622 crore undisclosed income
Mar 24:The I-T department conducted searches on nearly 2,534 groups of persons in the last three financial years and the current o .. read more
Karnataka Police apprehends two with unaccounted cash of Rs 11.30 lakh
Davangere: The Karnataka Police on Monday arrested two people carrying unaccounted cash worth Rs. 11.30 lakh in new Rs. 2,000 not .. read more
Over Rs 71,000 Crore Disclosed Under Income Declaration Scheme: ICAI
New Delhi, Oct 4: More than Rs 71,000 crore of undisclosed income has been declared under the one-time disclosure window IDS, char .. read more
Black Money Worth Rs 65,250 Crore Disclosed Under Income Declaration Scheme: Arun Jaitley
Oct 1: Rs 65,250 crore in black or untaxed money has been disclosed by 64,275 declarants under the centre's Income Declaration Sc .. read more
14,000 properties of Rs 1 crore each under scanner: I-T dept
Aug 31:The Income Tax Department (ITD) on Thursday said that about 14,000 properties worth over Rs 1 crore each are under its scru .. read more

More Related News

- Income limit for minorities welfare schemes raised to Rs 2,00,000 for Urban Areas by Telangana Government
- Income Tax Dept. concentrates on Old City, prepares list of rich men
- SC push for electoral reforms: Candidates now have to declare source of income as well
- New set of Income Tax return forms notified; deadline for filing returns extended to Aug. 31
- Sayed family's huge wealth declaration puzzles IT
- Benami Act violators to face double whammy of legal action
- Hyderabad: IT dept raids Goldstone Prasad's home, offices
- I-T officer caught red-handed accepting bribe of Rs 30,000 in Visakhapatnam
- Osmania University among 1000 best varsities in world
- Inquiry Panel on Muslims to conduct district-wise hearings

More Latest News:

- AAP MLAs' bail plea dismissed; party leaders slam Delhi police for raid at Kejriwal's house
- Sunanda Pushkar case: SC notice to Delhi Police on Subramanian Swamy's plea, Tharoor says let law take its own course
- BSF, Pakistani Rangers hold flag meeting, vow to maintain peace along international border in J-K
- Justin Trudeau in India: Amid Khalistan row, PM Modi says those challenging India's unity cannot be tolerated
- India's largest B2B hospital equipment expo begins in Hyderabad
- CM wants new Pattadar Passbooks linked with Aadhar
- Telangana to have exclusive varsity for women soon
- Telangana proposes monorail system for Warangal
- Telangana is now a vaccine hub, says KTR
- Under-age drivers face music in Hyderabad
- Heritage facade to come up in Hyderabad's Charminar area
- Top officials review Charminar Pedestrianisation project works
- Alina Zagitova gives OAR first Pyeongchang gold
- Darya Domracheva, Belarus handle heavy winds to win biathlon relay
- Formula One champion Lewis Hamilton more 'strategic' online after video row
- Canadian PM Justin Trudeau upset with invitation to Khalistani activist, India finding out how he got visa
- India more corrupt than China, better than Pakistan: Transparency
- Assault case: Delhi government staff to observe 5-minutes silence as protest every day
- Yogi Adityanath hate speech case: Allahabad High Court dismisses petition against UP CM
- Rachakonda CP Mahesh helps Civil Services aspirants online free of cost
- Is Telangana prepared for a water crisis?
- Depositors rush to Grameena Bank after news on scandal
- BioAsia to begin in Hyderabad from February 22
- TT scribe bags special jury award
- Realty firm marketing director held for forgery, cheating in Hyderabad
This page was created in 0.0213539600372 seconds