Post-demonetisation IT department detects large ‘suspicious’ deposits from Tamil Nadu

CHENNAI: Approximately Rs.246 crore unaccounted money was deposited in a bank account a couple of days ago. It is said that post-demonetisation single transaction had connections with a state politician, as confirmed by an IT official to our team.

The Centre had launched an amnesty scheme for tax dodgers to come clean soon after the government announced the scrapping of 500 and 1000 bills to fight against dark transactions.

The IT official said from Tamil Nadu and Pondicherry nearly Rs 650 crore had flowed into the tax department funds after the government offered the window for evaders to clear it by remitting 50% tax and depositing 25 per cent of the unaccounted money in a non-interest accruing deposit.

“The person who had deposited Rs.246 crore had paid the tax. Totally, it is estimated that about Rs.650 crore have already come to the tax department as a result of amnesty scheme from Tamil Nadu and Pondicherry,” said the official.
The official said the unaccounted deposits which is estimated around Rs.3600 crore and the corresponding bank account holders were “still under investigations.’