Rs 1 crore deposited in many MP, Chhattisgarh bank accounts

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Bhopal | Published: December 23, 2016 10:36:26 PM

A large number of account holders in Madhya Pradesh and Chhattisgarh have deposited Rs 1 crore or more since the November 8 demonetisation of high-value currency notes, an Incomes-Tax Department official said on Friday.

Madhya Pradesh, Chhattisgarh, Incomes-Tax Department, demonetisation, I-T Department, Abrar AhmadA large number of account holders in Madhya Pradesh and Chhattisgarh have deposited Rs 1 crore or more since the November 8 demonetisation of high-value currency notes. (PTI)

A large number of account holders in Madhya Pradesh and Chhattisgarh have deposited Rs 1 crore or more since the November 8 demonetisation of high-value currency notes, an Incomes-Tax Department official said on Friday.
The depositors could include several politicians and government officials, he said.

Post-demonetisation, like many other states, Madhya Pradesh and Chhattisgarh also saw account holders depositing huge amounts of money in the scrapped currency notes of Rs 500 and Rs 1,000.

The I-T Department has detected around 400 such accounts with Rs 1 crore or more deposits. Abrar Ahmad, Principal Chief I-T Commissioner – Madhya Pradesh and Chhattisgarh, confirmed to media persons on Thursday that they have detected such accounts and notices are being sent to the account holders.

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