Govt collects â¹6,000 crore tax on unexplained cash deposits
The government has collected over â¹6,000 crore as tax on unaccounted deposits post demonetisation, according to reports. The tax authorities sought explanation from individuals who deposited substantial amount of cash after demonetisation, either in their own account or in the name of others, the report said. Further, 1,092 people, who had deposited over â¹50 lakh, haven't yet responded to notices.