Income Tax Department (ITD) launches Operation Clean Money

Income Tax Department (ITD) launches Operation Clean Money 

Income Tax Department (ITD) lead by ‎Sushil Chandra has launched Operation Clean Money on January 31, 201 to verify the cash deposited in the banks during November 9th to December 30th 2016. An online Verification process will be carried out by comparing the demonetisation data CBDT

with information in ITD databases. iii. This information will be available at the portalhttps://incometaxindiaefiling.gov.in. The PAN holder can view the information using the link ‘Cash Transactions 2016’ under ‘Compliance(अनुपालन)’ section of the portal. Email and SMS will be sent to the taxpayers if any case they found in the database. The taxpayers should submit their online response on the portal within 10 days. The verification will be closed if the cash deposit is declared under Pradhan Mantri Garib Kalyan Yojna (PMGKY).

Income Tax Department (ITD) :

♦ The Income Tax Department or IT Department is a government agency in charge of monitoring the income tax collection by the Government of India.

♦ Chairman of CBDT: Sushil Chandra

Definitions of compliance

noun

the action or fact of complying with a wish or command.