â¹5,400 cr undisclosed income detected post demonetisation
Finance Minister Arun Jaitley has said the Income Tax department carried out over 1,100 searches and surveys immediately after demonetisation and detected undisclosed income of over â¹5,400 crore. Jaitley added that follow-up action had identified 18 lakh people whose tax profiles were not in line with the cash deposits made by them in the demonetisation period.