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Tag Archives: Operation Clean Money

Income Tax Department Issues Updates on Operation Clean Money

New Delhi (ABC Live):Operation Clean Money : The Income Tax Department (ITD) has used information received under the Statement of Financial Transactions (SFT) to identify 5.56 lakh new persons in the second phase of “Operation Clean Money” (OCM). These are persons whose tax profiles were found to be inconsistent with the cash deposits made by them during the demonetization period. …

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60,000 persons Come Under Operation Clean Money

New Delhi (ABC Live); Operation Clean Money  :Extensive enforcement action by the Income Tax Department (ITD) has led to seizures worth over Rs 818 crore and detection of undisclosed income of over Rs 9,334 crore Impact of action visible in the increase of 21.7% in the Income Tax Returns for FY 2016-17; 16% increase in Gross Collection; 14% growth in …

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