Quick Summary
In the lead-up to the upcoming Assembly elections in five states, the Income Tax Department has significantly increased its efforts to curb the flow of unexplained cash. On November 15, CBDT chairman Nitin Gupta disclosed that the departments seizures of unexplained cash surpass those from previous
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FAQ :
Chhattisgarh, Telangana, Rajasthan, Madhya Pradesh, and Mizoram are set to go to the polls in November.
Yes, the CBDT chairman disclosed that the department's seizures of unexplained cash surpass those from previous elections in these states.
Enforcement agencies, including the Income Tax Department, are enhancing surveillance and gathering information through toll-free numbers. GST and Customs officials have established 'flying squads and static surveillance teams' for road and transit checks, and are verifying warehouses.
In Rajasthan, there has been a three-fold increase in the total seizure of illegal cash, liquor, drugs, gold, and silver, with seizures reaching ₹1,021 crore by October 2023, compared to ₹322 crore in 2021 and ₹347 crore in 2022.
The SoP instructed tax officers to implement Election Commission directions regarding the use of freebies, illicit cash, liquor, and drugs to influence voters, and to monitor the distribution of coupon-based or free fuel and cash aimed at luring voters.
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