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₹6,000 Cr💰: Tax on Stashed Cash After 🔥💵🔥Note Ban



Vice-chairman of the special investigation team (SIT) on black money, Justice Arijit Pasayat, said on Friday that after demonetisation, the Centre has collected around Rs 6,000 crore as tax on unexplained cash deposits so far, and the amount could go up.  
See how TOI surfers voted in the demonetisation poll  
Tax authorities sought explanation from individuals, who deposited substantial amount of cash after demonetisation of Rs 500 and Rs 1,000 notes, either in their own account or in the name of others.  
Many later agreed to avail the amnesty scheme which earlier allowed compounding by payment of 60% of the deposits as tax, now hiked to 75%.


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