Six months after demonetisation a lot of compliance is being heard by way of new taxpayers making to the taxpayer’s list. According to Finance Minister Arun Jaitley, 9.1 million people were brought under the tax net post demonetisation and he is confident that the number will only go up further.
Outlook Money has been tracking the development of Operation Clean Money campaign that the ministry and the Central Board of Direct Taxes (CBDT) had initiated on January 31 with the launch of e-verification of large cash deposits made during November 9 and December 31, 2016, when people were allowed to deposit cash in demonetised currency in banks.
You can read up to 3 premium stories before you subscribe to Magzter GOLD
Log in, if you are already a subscriber
Get unlimited access to thousands of curated premium stories, newspapers and 5,000+ magazines
READ THE ENTIRE ISSUE