Drive To Track Black Money “Clean Money” Web Portal Launched: Arun Jaitley

Drive To Track Black Money “Clean Money” Web Portal Launched: Arun Jaitley

The C-Times, 22nd May 17

webportal

On 31st January 2017, The Income Tax Department (ITD) implemented the Operation Clean Money for the e-verification of large cash deposits made during 9th November to 30th December 2016.A website has been launched to help those people who want to be safe on demonetisation cash deposits and to create awareness about black money.

With the help of “Clean Money Web Portal” website, the government has drived against black money hoarders and tax evaders to put online names of offenders and to bring illegal wealth on books, and a battle against black money.

The website created by the Central Board of Direct Taxes that will also detect names of bank customers who deposited ‘disproportionate’ money into bank accounts during the 50-days demonetisation.

Arun Jaitley, said that after the launch of this website it is no longer safe to deal with excessive cash and tax evaded money. He also thanked the Digitalisation.

It has been identified that around 18 lakh persons cash transaction did not appear in tax payer’s profile and more than 9.72 lakh tax payers responded without visiting Income Tax office up to 12th May 2017.

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