Clean Money 2.0 widens the net beyond banned note deposits

CBDT probes property deals, forex remittances; tax wing to probe real estate deals of Rs 6,000 cr

Shrimi Choudhary  |  Mumbai 

The income tax department (I-T) has widened the net to nab tax evaders who have not just deposited unaccounted cash during the note-ban period but have also made high-value property deals and sent money abroad under the guise of outward remittances in the second phase of Operation Clean Money, which kicked off last week.  The tax department last week identified 60,000 individuals; 1,300 of them were termed high-risk under the second phase of Operation Clean Money to detect the generation of black money in the system. “The shortlisting of these individuals was not ...

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Clean Money 2.0 widens the net beyond banned note deposits

CBDT probes property deals, forex remittances; tax wing to probe real estate deals of Rs 6,000 cr

CBDT probes property deals, forex remittances; tax wing to probe real estate deals of Rs 6,000 cr The income tax department (I-T) has widened the net to nab tax evaders who have not just deposited unaccounted cash during the note-ban period but have also made high-value property deals and sent money abroad under the guise of outward remittances in the second phase of Operation Clean Money, which kicked off last week.  The tax department last week identified 60,000 individuals; 1,300 of them were termed high-risk under the second phase of Operation Clean Money to detect the generation of black money in the system. “The shortlisting of these individuals was not ... image
Business Standard
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