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Rs 25,000 crore deposited in cash post-demonetisation: I-T department

India is the highest in the Forbes list with 69% bribery rate. Photograph:( AFP )

New Delhi, Delhi, India Jan 10, 2017, 07.19 AM (IST)


The Indian Income Tax department is looking into over Rs 16,000 crore deposited in different accounts of cooperative banks. More than Rs 2 lakh have been deposited in over 60 lakh bank
accounts post-demonetisation.

"Rs 3-4 lakh crore of evaded income has been deposited in banks post-demonetisation," Income Tax official said. "Rs 25,000 crore has been deposited in cash in dormant bank accounts post-demonetisation," tax officials added.

Nearly Rs 80,000 crore of repayment of loans have been done in cash post-demonetisation, tax officials have concluded.