NEW DELHI, April 11 - The Income Tax department carried out over 1,100 searches and surveys immediately after demonetisation and detected undisclosed income of over Rs 5,400 crore, Finance Minister Arun Jaitley told the Rajya Sabha today. He added that more follow-up action was taken and 18 lakh people were identified whose tax profiles were not in line with the cash deposits made by them in the demonetisation period and online responses were sought.
Jaitley gave these details during the Question Hour, where he claimed that no other government had taken so much action against black money as the present regime.
He said the Reserve Bank was verifying the exact amount that was deposited during the demonetisation period and the precise figure would be presented before the nation. � PTI