Undisclosed income worth Rs 1.64 crore found in Jan Dhan accounts

December 02, 2016 20:12

In a major crackdown on laundering unaccounted money through Pradhan Mantri Jan Dhan Yojana accounts, Income Tax Department on Friday found that undisclosed amount of Rs 1.64 crore deposited by people who never filed income returns into Jan Dhan accounts. These accounts were found in Kolkata, Bihar, Kochi and Varanasi.

The Income Tax Department initiated probe into sudden surge in cash deposits in Jan Dhan accounts and found various inconsistencies. While monitoring these accounts, Rs 40 lakh seized from one such account in Bihar.

To curb misuse of Pradhan Mantri Jan Dhan Yojana accounts to convert black money into white, the Reserve Bank of India has capped withdrawals from KYC-compliant Jan Dhan accounts at Rs 10,000 a month.

« Back to LIVE

TOP STORIES

Former PM Dr Manmohan Singh passes away at 92

Former Indian Prime Minister Manmohan Singh passed away on Thursday night at the age of 92. He was brought to the emergency department of AIIMS Delhi in critical condition after "sudden loss of consciousness."

Manmohan Singh dropped pre-medical course: Book

Former Indian Prime Minister Manmohan Singh, who died at the age of 92, dropped out of a pre-medical course after losing interest in the subject, according to a book by his daughter. Daman Singh's book "Strictly Personal: Manmohan and...

Steady progress in implementing LAC pact: China

He said that in recent times, based on the important consensus reached by the leaders of the two countries, China and India have maintained close communication on the border situation through diplomatic and military channels and achieved...

BJP got Rs 2,600cr donations in 2023-24, Cong Rs 281cr

During 2023-24, while the BJP received over Rs 723 crore worth of donations from Prudent Electoral Trust, it also got over Rs 127 crore from Triumph Electoral Trust and over Rs 17 lakh from Einzigartig Electoral Trust.

Konstas, Bumrah Share Honours On Day 1

The four wickets that India prised out in the third session, on balance, swung the game back in their favour, says Prem Panicker .