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Jan 15, 2018
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Unexplained deposits in focus, taxmen ordered to go all out in the next three months
The income-tax department will in all likelihood go into overdrive in the next three months with the Central Board of Direct Taxes — the apex body — alerting all senior tax officials that their performance is being "monitored at the highest level." It will also give a renewed push towards imposing and recovering tax on Rs 3 lakh crore deposit, which is suspected to be the quantum of unexplained cash parked with banks post demonetisation. "There will be searches, surveys, information verification, and follow-ups.
Source -
https://economictimes.indiatimes.com
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