https://www.taxtmi.com/news?id=17474 Operation Clean Money conducted e-verification of large cash deposits from 9 November to 30 December 2016 by sending notices to PAN holders and prompting online responses; the Department reports high confirmation of deposits, additions to declared amounts and bank accounts, analysis of explanations against business profiles, identification of many unregistered taxpayers who have received SMS reminders, extension of the online response deadline, and a warning that failure to submit explanations may invite enforcement actions under the Income-tax Act. en-us Tue, 14 Feb 2017 10:41:59 +0530 Tue, 14 Feb 2017 10:41:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=17474 Operation Clean Money conducted e-verification of large cash deposits from 9 November to 30 December 2016 by sending notices to PAN holders and prompting online responses; the Department reports high confirmation of deposits, additions to declared amounts and bank accounts, analysis of explanations against business profiles, identification of many unregistered taxpayers who have received SMS reminders, extension of the online response deadline, and a warning that failure to submit explanations may invite enforcement actions under the Income-tax Act. News - Tue, 14 Feb 2017 10:41:59 +0530 https://www.taxtmi.com/news?id=17474