The
Income Tax Department has also identified 1.04 lakh persons who did not
disclose all bank accounts during e-verification.
The Income Tax
Department on Friday said it has identified 5.56 lakh persons whose cash
deposits post note ban were found inconsistent with their tax profiles. It has
also additionally identified 1.04 lakh persons who did not disclose all
bank accounts during e-verification.
As per the media release published by the
Income Tax Department today, in the first phase, 17.92 lakh persons had been
identified for e-verification of large cash deposits, of which 9.72 Lakh people
had submitted online response.
The IT department further said that the
information regarding the cases and accounts identified has been made published
in the e-filing window of the PAN holder at the portal http://incometaxindiaefiling.gov.in.
The PAN holder, the release said can see the information using the link “Cash
Transactions 2016” under ‘Compliance’ section of the portal. The release also
said the taxpayer will be able to submit online explanation without any need to
visit Income Tax office. All identified persons are being informed through
Email and SMS for submitting response online.
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