Nation Crime 19 Dec 2016 Post demonetisation, ...

Post demonetisation, IT dept seized Rs 11 crore cash in AP, Telangana

PTI
Published Dec 19, 2016, 8:38 pm IST
Updated Dec 19, 2016, 8:39 pm IST
Rs 280 crore of unaccounted income (in all forms) has been detected post-demonetisation.
Currency seized during raids (Photo: PTI)
 Currency seized during raids (Photo: PTI)

Hyderabad: Income Tax authorities have conducted 12 searches in Telangana and Andhra Pradesh after demonetisation was announced last month and total 30 searches till date since April 1 this year.

They seized Rs 22 crore of cash, out of which Rs 11 crore was post-demonetisation, Director General of Income Tax (Investigation) Neena Nigam told reporters here today.

 

She said Rs 280 crore of unaccounted income (in all forms) has been detected post-demonetisation whereas Rs 1.90 crore has been seized in new currency notes.

The I-T officials explained about the Pradhan Mantri Garib Kalyan Yojna (PMGKY) scheme on the occasion.

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Location: India, Telangana, Hyderabad




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