RS 4807 cr Black money detected , RS 112 cr of new notes seized

RS 4807 cr Black money detected , RS 112 cr of new notes seized

Following the demonetisation of high-value currency announced on November 8, India’s Income Tax Department has detected undisclosed income of over Rs 4,807 crore and seized new notes worth Rs 112 crore, an official source here said on Sunday. The total undisclosed income detected till January 5 is over Rs 4,807 crore. According to the official, cash and jewellery worth over Rs 609.39 crore has been seized during the same period, while the new currency seized is valued at more than Rs 112 crore.