Rs 316 cr sized in 291 raids across India so far, Rs 80 cr in new currency: CBDT
Revealing The Data On Black Money Crackdown, Central Board Of Direct Taxes Chairman Sushil Chandra On Friday Said, “We Have So Far Seized Cash Of More Than Rs 316 Crore, Out Of Which New Currency Is Above Rs 80 Cr, Jewellery 76 Cr, Which Amounts To Total Seizure 393 Cr.'
Government tax agency has so far seized cash of more than Rs 316 crore in various raids across the nation since the Narendra Modi government announced demonetization old notes of Rs 500 and Rs 1,000 denominations on Nov 8 to fight against black money and corruption. Revealing the data on black money crackdown, Central Board of Direct Taxes Chairman Sushil Chandra on Friday said, “We have so far seized cash of more than Rs 316 crore, out of which new currency is above Rs 80 cr, jewellery 76 cr, which amounts to total seizure 393 cr.”“We have conducted searches and seizures in about 291 cases and carried out surveys in 295 cases,” Chandra said.
CBDT has also issued around 3000 notices on the basis of deposits in bank accounts, he revealed.
For all the Latest India News, Download News Nation Android and iOS Mobile Apps.
More from India
Do You Know....Ambedkar as a Social Scientist?
10th anniversary of Crimea: A Photo Exhibition was organized at the Russian House in New Delhi
GATORADE USES DATA TO UNLOCK URBAN PLAYGROUNDS, WITH THEIR INITIATIVE 'TURF FINDER'
News Nation Network Receives Prestigious Amity Corporate Excellence Award at INBUSH ERA Global Summit
Foreign Ministers of Finland and India Unveil a Logo Marking 75 Years of Diplomatic Ties