<h1>No Inquiries for Bank Deposits Up to Rs. 2.5 Lakh Post-Demonetization; Big Data Targets Over Rs. 1 Crore.</h1> The Income Tax Department clarified that no inquiries will be made for bank deposits up to Rs. 2.5 lakh following demonetization. Accounts with deposits exceeding this amount will only be scrutinized if they do not align with previously filed tax returns. Using Big Data analytics, the department has categorized deposits, targeting those over Rs. 1 crore for further enforcement if discrepancies are found. The Central Board of Direct Taxes assured that genuine taxpayers will not face harassment. Deposits are cross-referenced with income tax returns to identify mismatches, and explanations can be submitted online for verification.