Jan Dhan - Current Affairs Questions and Answers

1)   GoI has detected how much undisclosed income in Jan Dhan accounts?

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

ANSWER: INR 1.64 crore

Following 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.