echo ''; Clamorworld » In everyday life every one of us comes across various experiences, incidents which we either don’t share with anyone or share with family members and friends. Print media, electronic media and various medium shows the news, but its ends up showing one sided of the story. We never come to know the other side of story. With so much happening every day, every second across our neighborhood, society, and world it’s difficult for the news media to cover all the news. Many times we have felt wish we could share our voice, opinion, thoughts with the world. Many a times we have felt the frustration, anger and helplessness for not being able to do anything about an incident. Have you ever felt, for a good cause, you need support, but don’t know how to garner the support and attention. So, now you have an option “www.Clamorworld.com“. This is a platform to share everything you want to. A website 100% runs by the people for the people. The world is waiting to listen to your voice, the voice which has kept you suppressed so far. If you do not want to share the incident, event personally, please send it to us at contact@clamorworld.com, and we will share it on your behalf and assure to keep your name confidential. Let’s make this world a peaceful and a happy place to live. » Centre mulls threshold for probe into cash deposits post demonetisation: report

Centre mulls threshold for probe into cash deposits post demonetisation: report

 

Centre is mulling a threshold for deposits made into banks post demonetisation below which scrutiny will not be initiated.

The government is considering the proposal to prevent undue harassment of taxpayers during investigations into bank deposits between November 10 and December 30, reports Times of India.

As elections to five state assemblies near, the government is being observant to avoid any bad publicity resulting from honest deposits being questioned.

The proposed move comes as tax authorities prepare an action plan amid reports that large-scale deposits have been made by “money mules” which has resulted in as much as Rs 4 lakh crore of unaccounted wealth finding its way back into banks.

The tax department is reportedly analysing a mountain of data related to demonetised currency notes.

Initially, the government had said cash deposits of Rs 2-2.5 lakh made by housewives and small businessmen and traders would not be questioned

 

“Arbitrary action will anger public opinion that has largely supported demonetisation. We don’t want an inspector to start proceedings,” TOI quoted a tax official as saying.

In an interview, Niti Aayog vice-chairman Arvind Panagariya had told TOI that there should be clear-cut rules to reduce discretion by tax officers. “First, we could adopt a rule that barring exceptional circumstances, bank deposits made between November 8 and December 30 below a specified threshold will not be subject to scrutiny,” he had said.

 

Leave a reply