Income-tax department confirms status on bank deposits up to Rs 2.5 lakh during demonetisation
There were fears on whether they would be subject to scrutiny by the I-T department for deposits after demonetisation.
Allaying fears of millions of Indians, a top official of the income-tax (I-T) department on Monday (February 6) said those who had deposited cash up to Rs 2.5 lakh in their bank accounts after demonetisation won't be asked questions.
"We found (and segregated) the data (for deposits) between Rs 2 lakh and Rs 80 lakh and Rs 80 lakh and above. As the prime minister has clearly said that (for deposits) up to Rs 2.5 lakh we will not ask (questions), so we have put that data aside at the moment," the PTI quoted Central Board of Direct Taxes (CBDT) Chairman Sushil Chandra as saying at a CII event in Delhi on Monday.
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