After the demonetization came into effect, there were many people who deposited their money in banks and some burned it as well. So, people who were failed to verify the deposits of over Rs 5 lakh during the demonetization drive have come under the IT scanner with the Central Board of Direct Taxes directing field officers which will collect necessary information in an "electronic and non-intrusive" manner.
The "NON-ACCEPTABLE" responses by the people who came under the IT Scanner might be marked for "possible tax evasion" and the people those who have offered or repaid loans in cash also might be charged up to 100% penalty.
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