IT dept detects Rs 4663 crore undisclosed income

rp_money-300x168.jpegAccording to Income Tax department reports, 1100 Actions were taken by IT Department, post demonetisation till January 1st. This include 556 surveys, 253 searches and 289 cases of seizures.

During the surveys and searches IT Department made seizure of Rs 562 crore. This include New currency notes of Rs 110 crore.

IT department detected total undisclosed income of Rs 4663 crore till 1st January. During this period IT Dept sent 5062 notices for verifications. Around 500 references made to CBI & ED.