Tag Archives: Operation Clean Money

Don’t forget to disclose cash deposit in income tax return

Information on cash deposited in bank accounts from 09.11.2016 to 30.12.2016 to be disclosed income tax return for the Assessment Year 2017- 2018 Income tax department has started sending email communication for those who have already submitted the online response to the notice received for cash deposit made during the …

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Income Tax Department (ITD) launches Operation Clean Money

Income Tax Department (ITD) has initiated Operation Clean Money, today. Initial phase of the operation involves e-verification of large cash deposits made during 9th November to 30th December 2016. Data analytics has been used for comparing the demonetisation data with information in ITD databases. In the first batch, around 18 …

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