The IT Department has decided to seek details of deposits made by an assesses during the demonetisation period, as part of the new Income Tax Returns (ITRs) that would be notified for assessment year 2017-18.
According to the I-T officials, “The department has introduced a new column for obtaining details of all deposits made by an individual or entity during the demonetisation period between November 8 and December 30 in year 2016. Sources says that the new column will also be introduced in the simplest form for individuals having salary income, called the ITR-1 or ‘Sahaj’.”
