TaxTMI 
TaxTMI 
Declining trend in seizure of unaccounted cash in denomination of 2,000 notes
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....eclining trend in seizure of unaccounted cash in denomination of 2,000 notes <br>News and Press Release<br>Dated:- 3-12-2019<br><BR>Declining trend in seizure of unaccounted cash in denomination of &#....
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....8377; 2,000 notes No proposal to stop circulation of ₹ 2,000 notes An analysis of the search cases, conducted by Income Tax Department (ITD), involving cash seizures of more than ₹ 5 cro....
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....res in the last three Financial Years reveals that there is a declining trend visible in the seizure of unaccounted cash in denomination of ₹ 2,000 notes. The percentage of unaccounted cash seiz....
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....ed in denomination of ₹ 2,000, out of the total cash seized is 67.91%, 65.93% and 43.22% in Financial Yea₹ 2017-18, 2018-19 and the current financial year, respectively. This was stated by....
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.... Shri Anurag Singh Thakur, Minister of State for Finance & Corporate Affairs, in a written reply to a question in Rajya Sabha today. In reply to the question of whether the Government is contemplatin....
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....g to stop circulation of the ₹ 2000 notes in phased manner, the Minister stated that there is no such proposal with the Government. Citing the Annual Report of the Reserved Bank of India, the M....
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....inister further stated that the share of value of ₹ 2,000 denomination banknotes in circulation (₹ 6,582 billion) to the value of total Notes in Circulation (₹ 21,109 billion) was 31....
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.....18%, as on 31.03.2019.<BR> News - Press release - PIB....