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The number of persons under the tax net has increased by 91 lakh, as unaccounted cash lost anonymity post note ban, Finance Minister Arun Jaitley said on Tuesday.
Launching a new website on 'Operation Clean Money', a programme to bring illegal wealth on books, he said the fallout of the 8 November decision to demonetise higher denomination currency has increased movement towards digitisation, number of assessees going up and tax revenue jumping as also fear of dealing in cash being installed.
Stating that as many as 91 lakh persons have come under the tax net, Jaitley said he expects further increase in tax returns going ahead.
Post demonetisation, there has been a hike in collection of personal income tax, the finance minister said, adding that the new portal will help honest tax payer.
Central Board for Direct Taxes (CBDT) Chairman Sushil Chandra said there was 22 percent growth in e-filed returns post demonetisation.
He also said that an undisclosed income of Rs 16,398 crore was identified post demonetisation.
Of the 17.92 lakh, so far 9.72 lakh individuals responded to SMSes and e-mails sent by the income tax department.
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