Begin typing your search above and press return to search.
IT seized Rs 1.64 crore from Jan Dhan Accounts
By: Tupaki Desk | 3 Dec 2016 9:48 AM GMT
Income Tax Department has seized at least Rs 1.64 crore of undisclosed money deposited in Jan Dhan accounts all over the country since November 10th, 2016. Most of these accounts were detected in West Bengal, Bihar, Kerala and UP. Rs 40 lakh was seized from a single Jan Dhan account in Bihar.
Post the launch of demonetization, There is a sudden surge in the deposits of Jan Dhan accounts. Actually, Only Rs 50,000 is allowed to deposit in these zero-balance accounts. But, Tax Evaders lured the poor with commission or by other means to deposit their black money in these accounts.
The Central Board of Direct Taxes (CBDT) warned Jan Dhan accounts holders about the possibility of facing dire consequences for misuse. Those indulging in Benami Transactions will be exempted from beneficiaries of centrally-sponsored schemes apart from hefty penalty and imprisonment.
Post the launch of demonetization, There is a sudden surge in the deposits of Jan Dhan accounts. Actually, Only Rs 50,000 is allowed to deposit in these zero-balance accounts. But, Tax Evaders lured the poor with commission or by other means to deposit their black money in these accounts.
The Central Board of Direct Taxes (CBDT) warned Jan Dhan accounts holders about the possibility of facing dire consequences for misuse. Those indulging in Benami Transactions will be exempted from beneficiaries of centrally-sponsored schemes apart from hefty penalty and imprisonment.
