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Operation clean money: 60,000 people under IT scanner

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New Delhi: Under the second phase of the “Operation clean money” on Friday the Income Tax (IT) department has identified over 60,000 high risk persons for probe to detect black money generation post demonetisation.

According to the Central Board of Direct Taxes (CBDT) policy-making body of the department, it has detected undisclosed income over Rs 9, 334 crore between the period of November 9, 2016 till February 28 this year.

More than 60, 000 persons, including 1,300 high risk persons, have been identified for investigation into claims for excessive cash sales during the demonetization period.

It will also probe those government or Public Sector Undertaking employees who made “large cash deposits”, people who have undertaken high value purchases, those who “layered” or laundered funds by using shell companies and those who did not respond to taxman’s queries under the first phase of the said operation.

As part of 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 persons out of which 9.46 lakh persons have responded to the department.


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