Tag Archives: Cash Deposit

Demonetization – Cash Deposit analysis by Income Tax Department

By | May 17, 2017

May, 2017 Operation Clean Money Thematic Report #1 Taxpayer Segment Analysis Income Tax Department Objective Provide an overview of share of cash deposits (during the period 9thNov to 30thDec 2016) for various taxpayer and business segments. Methodology 1. Account level deposit information from banks and post offices was aggregated for the PAN. 2. The reported… Read More »

Cash Deposit & Cash Withdrawal -Operational guidelines of Govt of India w.e.f 09.11.2016

By | November 9, 2016

Limit on Cash Deposit & Cash Withdrawal in India With a view to curb financing of terrorism through the proceeds of Fake Indian Currency Notes (FICN) and use of such funds for subversive activities such as espionage, smuggling of arms, drugs and other contrabands into India, and for eliminating Black Money which casts a long… Read More »