INR 1.64 crore in Jan Dhan accounts following demonetisation

Q.  GoI has detected how much undisclosed income in Jan Dhan accounts?
- Published on 06 Dec 16

a. INR 1.63 crore
b. INR 1.64 crore
c. INR 1.65 crore
d. None of the above

ANSWER: INR 1.64 crore
 
INR 1.64 crore in Jan Dhan accounts following demonetisationFollowing reports of irregularities in Jan Dhan accounts, the government on Dec 4 announced that it has detected Rs. 1.64 crore of undisclosed income deposited in such accounts.
  • Sudden surge of cash deposits in Jan Dhan accounts are being investigated because Rs. 1.64 crore deposited by persons who have never filed returns of income being below the taxable limits, into their Jan Dhan accounts have already been detected at Kolkata, Midnapore, Ara (Bihar), Kochi and Varanasi."
  • INR 40 lakh has been seized from one such account in Bihar.
  • Undisclosed income detected with be brought to tax as per provisions of the Income Tax Act 1961 apart from other actions depending on the investigations.

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