Deposits over â¹2 lakh during note ban must be in I-T returns
The government has announced that people who made cumulative deposits of â¹2 lakh or more between November 9 and December 30, 2016, will have to mention it in income tax returns for 2017-18. It also unveiled a simpler income tax return form which has a separate section for such deposits. Further, providing Aadhaar in I-T returns has been made mandatory.