Income Tax Department (ITD) launches Operation Clean Money
Posted on:01 Feb 2017 09:19:11
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01 February 2017 Current Affairs: Income Tax Department (ITD) lead by Sushil Chandra has launched Operation Clean Money on January 31, 201 to verify the cash deposited in the banks during November 9th to December 30th 2016.
An online Verification process will be carried out by comparing the demonetisation datawith information in ITD databases.
This information will be available at the portalhttps://incometaxindiaefiling.gov.in.The PAN holder can view the information using the link ‘Cash Transactions 2016’ under ‘Compliance’ section of the portal.
Email and SMS will be sent to the taxpayers if any case they found in the database. The taxpayers should submit their online response on the portal within 10 days.
The verification will be closed if the cash deposit is declared under Pradhan Mantri Garib Kalyan Yojna (PMGKY).
The Income Tax Department or IT Department is a government agency in charge of monitoring the income tax collection by the Government of India.
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