I-T dept gets declarations of Rs.300 crore

The Income-Tax(I-T)department has received confirmations for over Rs.300 crore declarations from across the country till now as part of the on going black money window called the Pradhan Mantri GaribKalyanYojna(PMGKY), brought out by the government post demonetisation.

Officials said I-Tdepartment offices across the country have got a number of small to big declarations in this regard after the taxman launched a large number of search,survey, seizure and electronic database analysis operations to check stash funds hoarded orgenerated after the note ban.
Business Standard New Delhi,21st January 2017

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