Action against 9.29L for no response to I-T queries: Jaitley
Action will be taken against 9.29 lakh entities who did not respond to Income Tax Department's queries over cash deposits that did not match their income profile, Finance Minister Arun Jaitley said on Wednesday. Post demonetisation, 18 lakh entities deposited scrapped notes that did not commensurate with their income, out of which 8.71 lakh people sent their explanations, Jaitley stated.