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.
News On AIR | December 24, 2016 8:58 AM
Income Tax puts over 600 Jan Dhan accounts on its radar for verification