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TMI BlogIncome Tax Investigations Unearth Mis-use of Jan-Dhan AccountsX X X X Extracts X X X X X X X X Extracts X X X X ..... Income Tax Investigations Unearth Mis-use of Jan-Dhan Accounts X X X X Extracts X X X X X X X X Extracts X X X X ..... Direct Taxes New Delhi, 02 December, 2016. PRESS RELEASE Investigation being conducted by the Income Tax Department across India into the sudden surge in cash deposits in Jandhan accounts have rev ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ealed various inconsistencies. Undisclosed moneys of approximately ₹ 1.64 Crore deposited by persons who have never filed returns of income being below the taxable limits; into their Jandhan ac ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... counts have already been detected at Kolkata, Midnapore, Ara(Bihar), Kochi and Varanasi. ₹ 40 Lakh has been seized from one such account in Bihar. Undisclosed income so detected will be brought ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... to tax as per the provisions of the Income Tax Act, 1961, apart from other actions depending upon the outcome of investigations. The Central Board of Direct Taxes, once again urges the account holder ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s 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 tax evasion by unscrupulous elements. (Meenakshi J. Goswami) Commis ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sioner of Income Tax
(Media and Technical Policy)
Official Spokesperson, CBDT. X X X X Extracts X X X X X X X X Extracts X X X X
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