CBDT again urges Jan Dhan account holders not to consent to any kind of misuse of their accounts

New Delhi, Dec 5 (KNN) The Central Board of Direct Taxes (CBDT) has once again urged the Jan Dhan account holders not to consent to any kind of misuse of their accounts in the wake of demonetization.

This, the CBDT warned, would expose them to the dangers of being held responsible for the tax evasion by unscrupulous elements.

Investigation being conducted by the Income Tax Department across India into the sudden surge in cash deposits in Jandhan accounts has revealed various inconsistencies.

Undisclosed moneys of approximately Rs.1.64 Crore deposited by persons who have never filed returns of income being below the taxable limits, into their Jandhan accounts have already been detected at Kolkata, Midnapore, Ara (Bihar), Kochi and Varanasi.

Rs. 40 Lakh has been seized from one such account in Bihar.

“Undisclosed income so detected will be brought to tax as per the provisions of the Income Tax Act, 1961, apart from other actions depending upon the outcome of investigations,” CBDT said.