Operation Clean: 527,000 taxpayers explain cash deposits after note ban

Dept extends deadline to Feb 15, asks all 1.8 million to furnish replies or face action

The income tax department has received responses from more than 5,27,000 taxpayers by February 12 about the source of their money deposited in old currencies during November 8 and December 30, 2016. The Department had identified 1.8 million taxpayers in its Operation Clean through data mining and asked them to submit responses about the source of their deposits.  

While the department on Monday claimed that it has got an overwhelming response on 7,41,000 accounts, it also extended the deadline for submission of responses to February 15 from February 10. 

In a statement, it warned those not submitting their responses