Currency ban: IT dept starts to send notices to people having income mismatch with cash deposits

The Income Tax department has started to send notices to people on excess cash deposits at banks post demonetisation of Rs 1,000 and Rs 500 denomination currency notes. The notices are sent on account of income mismatch with the cash deposits at the banks.

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ashish ranjan
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Demonetisation Currency Exchange Corruption Income Tax Notice Blackmoney Cash deposits cash rush Income mismatch