Income Tax Department Themes Republic Day Parade Tableau On "Clean Money"
India News | Indo-Asian News Service | Friday January 26, 2018
"Clean money" would be in focus on Rajpath in the Republic Day parade on Friday, with a tableau from the Income Tax Department themed as "Operation Clean Money" for the occasion.
I-T Department To Investigate Suspicious Deposits Post Notes Ban
Business | Press Trust of India | Monday November 27, 2017
The action is a part of the Operation Clean Money (OCM), initiated by the department early this year
Suspicious Cash Depositors During Note Ban Drive Under Taxman's Lens
Business | Press Trust of India | Tuesday November 14, 2017
The Income Tax Department will soon issue notices to those who have deposited "suspicious" amounts of money in banks post-demonetisation, said Sushil Chandra, chairman, Central Board of Direct Taxes.
Taxman Probing 30,000 Cases Where ITRs Revised Post-Notes Ban
Business | Press Trust of India | Wednesday July 26, 2017
After the first phase of 'Operation Clean Money', it was found that some assessees did not report about all their bank accounts to the taxman.
Tax Department Unearths Income Of Rs 5,400 Crore Post Notes Ban
Business | Indo-Asian News Service | Saturday July 22, 2017
Last week, the Income Tax Department came out with the second list of 5.56 lakh account holders under its 'Operation Clean Money'.
Tax Department Seeks Explanation From Another 5.56 Lakh For Demonetisation Deposits
Business | Press Trust of India | Saturday July 15, 2017
In the second phase of 'Operation Clean Money' launched in April with an aim to detect black money generation post demonetisation, the I-T department has used information received under the Statement of Financial Transactions (SFT) from banks to identify additional cases.
Time Of Reckoning For Those Who Evade Tax, Says Arun Jaitley
Business | Indo-Asian News Service | Wednesday May 17, 2017
Mr Jaitley said the next phase of Operation Clean Money will focus on high-risk individuals who have made high-value transactions that will be thoroughly investigated.
'Operation Clean Money' Website Launched, Tax Defaulters To Be Rated
India News | NDTV News Desk | Tuesday May 16, 2017
In its new campaign against black or untaxed money, the government will put up reports of raids on a website and also rate defaulters in various categories from high risk to very low risk.
Operation Clean Money II: Over 60,000 People Face Income Tax Probe
Business | Press Trust of India | Friday April 14, 2017
The Central Board of Direct Taxes (CBDT), policy-making body of the department, said it has detected undisclosed income over Rs 9,334 crore between the period of November 9, 2016 till February 28 this year.
60,000 Entities To Get Tax Notice In New Crackdown After Notes Ban
India News | Press Trust of India | Friday April 14, 2017
The Income Tax department will investigate over 60,000 entities under the second phase of the 'Operation Clean Money' which was launched today with an aim to detect black money generation post demonetisation.
Cobbler Gets Income Tax Notice For 'Rs 10 Lakh Bank Deposit' During Notes ban
Business | Press Trust of India | Tuesday April 4, 2017
Mansukh Makwana (55), who mends shoes for a living on M G Road in Junagadh received the notice on Saturday, asking to divulge the source of a Rs 10 lakh deposit in his account during the notes ban.
Operation Clean Money: Undisclosed Income Of Over Rs 250 Crore Detected
Business | Press Trust of India | Thursday March 2, 2017
Officials said multiple I-T teams have conducted over 230 surveys countrywide, covering only business premises of an individual or entity.
No Threat To Taxpayers Under 'Operation Clean Money': Taxman Tells Officials
Business | Press Trust of India | Tuesday February 21, 2017
The CBDT has also said verification under this exercise should be completed quickly.
IT Department To Launch Second Phase Of Bank Accounts Scrutiny Next Month
India News | Press Trust of India | Monday February 20, 2017
The IT department is likely to launch the second phase of 'Operation Clean Money' next month to close in on unaccounted money making its way into banks but may ignore standalone deposits below Rs 5 lakh for now.
Tax Department To Issue 'Non-Statutory' Letters In Case Of No Reply
Business | Press Trust of India | Friday February 17, 2017
So far, it has received replies from over 7 lakh people who have accepted making such deposits and the department will issue letters to the remaining nudging them to explain the source of deposits on the e-filing portal under Operation Clean Money.
Income Tax Department Themes Republic Day Parade Tableau On "Clean Money"
India News | Indo-Asian News Service | Friday January 26, 2018
"Clean money" would be in focus on Rajpath in the Republic Day parade on Friday, with a tableau from the Income Tax Department themed as "Operation Clean Money" for the occasion.
I-T Department To Investigate Suspicious Deposits Post Notes Ban
Business | Press Trust of India | Monday November 27, 2017
The action is a part of the Operation Clean Money (OCM), initiated by the department early this year
Suspicious Cash Depositors During Note Ban Drive Under Taxman's Lens
Business | Press Trust of India | Tuesday November 14, 2017
The Income Tax Department will soon issue notices to those who have deposited "suspicious" amounts of money in banks post-demonetisation, said Sushil Chandra, chairman, Central Board of Direct Taxes.
Taxman Probing 30,000 Cases Where ITRs Revised Post-Notes Ban
Business | Press Trust of India | Wednesday July 26, 2017
After the first phase of 'Operation Clean Money', it was found that some assessees did not report about all their bank accounts to the taxman.
Tax Department Unearths Income Of Rs 5,400 Crore Post Notes Ban
Business | Indo-Asian News Service | Saturday July 22, 2017
Last week, the Income Tax Department came out with the second list of 5.56 lakh account holders under its 'Operation Clean Money'.
Tax Department Seeks Explanation From Another 5.56 Lakh For Demonetisation Deposits
Business | Press Trust of India | Saturday July 15, 2017
In the second phase of 'Operation Clean Money' launched in April with an aim to detect black money generation post demonetisation, the I-T department has used information received under the Statement of Financial Transactions (SFT) from banks to identify additional cases.
Time Of Reckoning For Those Who Evade Tax, Says Arun Jaitley
Business | Indo-Asian News Service | Wednesday May 17, 2017
Mr Jaitley said the next phase of Operation Clean Money will focus on high-risk individuals who have made high-value transactions that will be thoroughly investigated.
'Operation Clean Money' Website Launched, Tax Defaulters To Be Rated
India News | NDTV News Desk | Tuesday May 16, 2017
In its new campaign against black or untaxed money, the government will put up reports of raids on a website and also rate defaulters in various categories from high risk to very low risk.
Operation Clean Money II: Over 60,000 People Face Income Tax Probe
Business | Press Trust of India | Friday April 14, 2017
The Central Board of Direct Taxes (CBDT), policy-making body of the department, said it has detected undisclosed income over Rs 9,334 crore between the period of November 9, 2016 till February 28 this year.
60,000 Entities To Get Tax Notice In New Crackdown After Notes Ban
India News | Press Trust of India | Friday April 14, 2017
The Income Tax department will investigate over 60,000 entities under the second phase of the 'Operation Clean Money' which was launched today with an aim to detect black money generation post demonetisation.
Cobbler Gets Income Tax Notice For 'Rs 10 Lakh Bank Deposit' During Notes ban
Business | Press Trust of India | Tuesday April 4, 2017
Mansukh Makwana (55), who mends shoes for a living on M G Road in Junagadh received the notice on Saturday, asking to divulge the source of a Rs 10 lakh deposit in his account during the notes ban.
Operation Clean Money: Undisclosed Income Of Over Rs 250 Crore Detected
Business | Press Trust of India | Thursday March 2, 2017
Officials said multiple I-T teams have conducted over 230 surveys countrywide, covering only business premises of an individual or entity.
No Threat To Taxpayers Under 'Operation Clean Money': Taxman Tells Officials
Business | Press Trust of India | Tuesday February 21, 2017
The CBDT has also said verification under this exercise should be completed quickly.
IT Department To Launch Second Phase Of Bank Accounts Scrutiny Next Month
India News | Press Trust of India | Monday February 20, 2017
The IT department is likely to launch the second phase of 'Operation Clean Money' next month to close in on unaccounted money making its way into banks but may ignore standalone deposits below Rs 5 lakh for now.
Tax Department To Issue 'Non-Statutory' Letters In Case Of No Reply
Business | Press Trust of India | Friday February 17, 2017
So far, it has received replies from over 7 lakh people who have accepted making such deposits and the department will issue letters to the remaining nudging them to explain the source of deposits on the e-filing portal under Operation Clean Money.
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