About 60,000 individuals to get notice as second phase of operation against black money starts today
According to The Central Board of Direct Taxes (CBDT), undisclosed income over Rs 9,334 crore has been detected between the period of November 9, 2016 till February 28 this year.
The notes ban was announced by Prime Minister Narendra Modi on November 8 last year.
In the first phase of the 'Operation Clean Money', launched on January 31 this year, the department had sent online queries and investigated 17.92 lakh individuals, the reports said.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.