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of <h1>Income Tax Department Uncovers Rs. 24,800 Crores in Undisclosed Income Post-Demonetization; E-Returns Surge by 19.5.</h1> Between November 2016 and March 2017, the Income-tax Department (ITD) identified undisclosed income of over Rs. 7,900 crores from searches on 900 groups and Rs. 6,700 crores from 8,200 surveys. From April to October 2017, searches on 275 groups revealed Rs. 7,800 crores, while 3,100 surveys detected Rs. 2,400 crores. Post-demonetization, taxpayer numbers increased, with 3.89 crore e-returns filed by November 2017, up 19.5% from the previous year. Direct tax collections rose to Rs. 4.8 lakh crore, a 14.3% increase. Measures to curb cash transactions included mandatory PAN for large deposits and restrictions on cash donations to political parties.
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