December 24, 2016 8:58 AM

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Income Tax puts over 600 Jan Dhan accounts on its radar for verification

Income Tax department has put over 600 Jan Dhan accounts in Bihar and Jharkhand on its radar to verify whether these accounts that have seen a sudden spurt in deposits post demonetisation were used by extremist groups and hoarders of black money as a conduit for money laundering. <br/><br/>These accounts spread over areas of these two states notorious for Maoists activities had registered deposits ranging between one lakh 30 thousand to 10 crore 80 lakh rupees. <br/><br/>Principal Chief Commissioner of Income Tax of Bihar and Jharkhand ST Ahmad told AIR that these accounts have been put under verification and investigation following police information. <br/><br/>Mr. Ahmad said as of now no extremist connection has been established but a close scrutiny of accounts are being conducted. He said the accounts will be seized if a money laundering link is established.

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