Aug 13, 2019
I-T Dept moves to collect data on cash deposits during DeMon
The I-T Department has spread its net wide and deep for catching those who have deposited unaccounted cash during demonetisation. In the latest directive to the officers, a 17-point checklist has been created, which has to be updated on a server for further action. The directive, which was issued on Friday is the ninth communication issued by the Finance Ministry through the Central Board Direct Taxes (CBDT). A senior I-T officer told BusinessLine that till date three Standard Operating Procedures, one FAQ and four other letters have already been issued but an exhaustive checklist, directing seven of the 17 tasks to be divided into further smaller tasks is unprecedented in the demonetisation cases. Uploading the checklist to a central server shows the micromanagement, which is being exercised from New Delhi. A copy of the checklist, which has been reviewed by the BusinessLine, seeks to collect details on whether the cash deposited in banks by the taxpayer between November 9 and December 31, 2016, has been disputed by the taxman.