Income Tax Department pushes additional cases of High Cash Deposits in Second Phase of Operation Clean Money https://www.taxtmi.com/news?id=18391 The Department used Statement of Financial Transactions data to identify persons with discrepancies between tax filings and cash deposits, notified them via email/SMS, and enabled online viewing and submission of explanations through the e filing portal; taxpayers must disclose significant cash deposits in their Income Tax Return, which will be matched against departmental records, and the Operation Clean Money portal offers guidance, engagement tools, and sanitized reports to facilitate compliance and transparency. en-us Fri, 14 Jul 2017 16:48:40 +0530 Fri, 14 Jul 2017 16:48:40 +0530 TaxTMI RSS Generator Income Tax Department pushes additional cases of High Cash Deposits in Second Phase of Operation Clean Money https://www.taxtmi.com/news?id=18391 The Department used Statement of Financial Transactions data to identify persons with discrepancies between tax filings and cash deposits, notified them via email/SMS, and enabled online viewing and submission of explanations through the e filing portal; taxpayers must disclose significant cash deposits in their Income Tax Return, which will be matched against departmental records, and the Operation Clean Money portal offers guidance, engagement tools, and sanitized reports to facilitate compliance and transparency. News - Fri, 14 Jul 2017 16:48:40 +0530 https://www.taxtmi.com/news?id=18391