TaxTMI 
TaxTMI 
Income Tax Investigations Unearth Mis-use of Jan-Dhan Accounts
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....ncome Tax Investigations Unearth Mis-use of Jan-Dhan Accounts <br>News and Press Release<br>Dated:- 3-12-2016<br><BR>Government of India Ministry of Finance Department of Revenue Central Board of D....
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....irect Taxes New Delhi, 02 December, 2016. PRESS RELEASE Sub : Income Tax Investigations Unearth Mis-use of Jan-Dhan Accounts Investigation being conducted by the Income Tax Department across India....
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.... into the sudden surge in cash deposits in Jandhan accounts have revealed various inconsistencies. Undisclosed moneys of approximately ₹ 1.64 Crore deposited by persons who have never filed retu....
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....rns of income being below the taxable limits; into their Jandhan accounts have already been detected at Kolkata, Midnapore, Ara(Bihar), Kochi and Varanasi. ₹ 40 Lakh has been seized from one suc....
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....h account in Bihar. Undisclosed income so detected will be brought to tax as per the provisions of the Income Tax Act, 1961, apart from other actions depending upon the outcome of investigations. The....
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.... Central Board of Direct Taxes, once again urges the account holders not to consent to any kind of mis-use of their accounts which would expose them to the dangers of being held responsible for the ta....
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....x evasion by unscrupulous elements. (Meenakshi J. Goswami) Commissioner of Income Tax (Media and Technical Policy) Official Spokesperson, CBDT.<BR> News - Press release - PIB....