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Cash Deposited by Central Government Employees during demonetisation

Cash Deposited by Central Government Employees during demonetisation GOVERNMENT OF INDIA MINISTRY OF FINANCE LOK SABHA UNSTARRED QUESTION

Section 80TTA – Deduction i.r.o. interest on deposits in Saving Account: IT Circular 20/2015
Income other than business or profession – Clarification on option u/s 115BAC of IT Act 1961: Circular C1 of 2020
Procedure for submission of declaration in Form 15G/15H: IT Notification No. 7/2016
Cash Deposited by Central Government Employees during demonetisation
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
LOK SABHA
UNSTARRED QUESTION NO: 3017
ANSWERED ON: 05.01.2018

Cash Deposited by Government Employees

RANJANBEN BHATT
Will the Minister of
FINANCE be pleased to state:-

(a) whether the Government proposes to conduct/probe regarding the cash deposited by the Central Government employees during demonetisation and if so, the details thereof;
(b) whether the Government has taken any action in this regard so far; 
(c) if so, the details thereof; and 
(d) if not, the reasons therefor?
ANSWER
MINISTER OF STATE IN MINISTRY OF FINANCE
(SHRI PON. RADHAKRISHNAN)

(a) to (d): Income-tax Department (ITD) takes appropriate action in suitable cases, including the cases where cash deposits were made during demonetization. Such actions include searches, surveys, assessment of income, levy of tax, penalty and filing of prosecution complaints before criminal courts, whichever is applicable as per direct tax laws. 
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