Bengaluru

Karnataka witnessed non-PAN transactions worth Rs. 2,710 crore post demonetization

21 Mar 2017 | By Mansi Motwani
Bengaluru News Digest

Post demonetization, numerous jewellers, petrol bunk owners, real-estate developers and contractors from Karnataka deposited more than Rs. 2.5lakh in their bank accounts till 30th December, 2016.

The IT Department has so far tracked 1,055 cases where deposits worth altogether Rs. 2,710crore have been made without providing PAN details, and providing inadequate details about the source of income.

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In context: Bengaluru News Digest

21 Mar 2017Karnataka witnessed non-PAN transactions worth Rs. 2,710 crore post demonetization

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