I-T dept to issue 1L notices for huge deposits post note ban
Income Tax Department will reportedly issue notices to about one lakh entities this week. In the first phase, notices will be issued to 70,000 entities who deposited over â¹50 lakh in cash in banks but didn't file tax returns. Later, 30,000 notices will be issued to those whose deposits and tax returns were found to be starkly "deviant".