Which operation has been launched by the Income Tax Department (ITD) to track deposits post demonetisation?

Which operation has been launched by the Income Tax Department (ITD) to track deposits post demonetisation?
[A]Operation Track Black Money
[B]Operation Clean Money
[C]Operation Clean Deposits
[D]Operation Track Money

Operation Clean Money
The Income Tax Department (ITD) has recently launched “Operation Clean Money” to track deposits post demonetisation. The initial phase of the operation involves e-verification of large cash deposits made during 9th November to 30th December 2016. In the first phase of verification, approx 18 lakh accounts have been identified where tax-paying profile does not match with the income of account holders. ITD has enabled online verification of these transactions to reduce compliance cost for the taxpayers while optimising its resources. The information in respect of these cases is being made available in the e-filing window of the PAN holder (after log in) at the portal https://incometaxindiaefiling.gov.in. The PAN holder can view the information using the link Cash Transactions 2016 under Compliance section of the portal. The taxpayer will be able to submit online explanation without any need to visit Income Tax office.

Categories:

Download GKToday's Android App for Current Affairs updates and quizzes.

Comments