I-T dept detected Rs 71,941 cr in "undisclosed income" over last 3 years

  • Searches, seizures and surveys conducted by the Income Tax (I-T) department have detected nearly Rs 71,941 crore in "undisclosed income" over the last 3 years
  • The central government told the Supreme Court on Saturday.
  • The Ministry of Finance in its affidavit said that "the total undisclosed income admitted was more than Rs 5,400 crore and the total quantity of gold
  • Seized stood at 303.367 kg" during the demonetisation period from November 9, 2016, to January 10, 2017.
  • The Finance Ministry also provided details of the "undisclosed income" over the last three years from April 1, 2014 to February 28, 2017
  • Including the period of demonetisation, PTI reported.

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