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I-T to assess 80k big cash depositors during demonetisation

Over 80,000 taxpayers who had deposited significant amounts of cash during the demonetisation period but failed to respond to initial notices sent by the income tax (I-T) department and furnish their tax returns for the financial year 2016-17 will now be subject to a ‘best judgement’ assessment.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://timesofindia.indiatimes.com/business/india-business/i-t-to-assess-over-80000-big-cash-depositors-in-demonetisation-year/articleshow/68295108.cms

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