Summary:
But if we find the money to be unaccounted, then the total tax will be around 83.5%," the official warned. Across the country, the I-T department found 85 lakh transactions to be suspicious. If they accept on their own, the tax is only 45%. "We will wait till the end of the month and go behind them. "In Tamil Nadu and Pondy, we found 28,000 accounts to be suspicious and some of the accounts had deposits in cash to the tune of Rs 85 lakh or more.In the first instance, we send a mail to the account holder asking for details..