Over 25 IT raids post demonetization across Gujarat, new currency worth 2.5 crores seize

Ahmedabad: The Income Tax Department has so far recovered new currency notes worth around Rs 2.5 crore during its raids post demonetization across Gujarat.

Addressing a joint press conference of the IT department about the Pradhanmantri Garib Kalyan Yojana in presence of Principal Chief Commissioner of Income Tax B D Gupta, senior IT officer P C Modi said that the department has so far conducted more than 25 raids post demonetization across Gujarat.

‘So far the seizures are concerned the total new currency worth around Rs 2.5 crore has been seized in the raids so far in which scrapped notes of Rs 500/1000 were also found in large numbers. The raids were not limited to the people related to any one specific sector. We have raided builders and Jewelers and others,’ he said.

The email ids announced by the IT department for information regarding black money hoarders or those with suspicious financial transactions have got a wide response, he said acting that the department was acting swiftly on these complains.

DeshGujarat