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TMI Blog91 lakh persons come under tax net post note ban: FMX X X X Extracts X X X X X X X X Extracts X X X X ..... 91 lakh persons come under tax net post note ban: FM X X X X Extracts X X X X X X X X Extracts X X X X ..... aid the fallout of the November 8 decision to demonetise higher denomination currency has increased movement towards digitisation, number of assessees going up and tax revenue jumping as also fear of dealing in cash being instilled (rpt) instilled. Stating that as many as 91 lakh persons have come under the tax net, Jaitley said he expects further increase in tax returns going ahead. Post demone ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tisation, there has been a hike in collection of personal income tax, the finance minister said, adding that the new portal will help honest tax payer. CBDT Chairman Sushil Chandra said there was 22 per cent growth in e-filed returns post demonetisation. As many as 17.92 lakh people were identified for unexplained deposits post demonetisation, he said, adding the tax department has identified on ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e lakh suspected tax avoidance cases. He also said that an undisclosed income of ₹ 16,398 crore was identified post demonetisation. "We identified around 17.92 lakh persons in whose case the cash transactions did not appear in line with the taxpayers' profiles. And online verifications of these transactions are underway," Chandra said. Of the 17.92 lakh, so far 9.72 lakh ind ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ividuals responded to SMSes and e-mails sent by the income tax department. X X X X Extracts X X X X X X X X Extracts X X X X
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