Since November 8, Rs 80,000 crore of loan repayment in old notes, says Income Tax department

Since November 8, Rs 80,000 crore of loan repayment in old notes, says Income Tax department

The income tax department said on Tuesday that more than 60 lakh bank accounts saw deposits of over Rs 2 lakhs each since the November scrapping of Rs 500 an Rs 1,000 notes+ . br About Rs 80,000 crore of repayment of loans was done in cash since November 8. And Rs 3-4 lakh crore of evaded income was deposited in banks post that date, an I-T official said. br More than Rs 16,000 crore was deposited in cooperative bank accounts since demonetisation. As much as Rs 25,000 crore was deposited in cash in dormant bank accounts post demonetisation. And in the troubled North Eastern states, more than Rs 10,700 crore in cash was deposited in various bank accounts, the official said.


User: Vishal Vishwakarma

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Uploaded: 2017-01-10

Duration: 03:51

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