https:\/\/incometaxindiaefiling.gov.in<\/a>) should register by clicking on the \u2018Register Yourself\u2019 link. Registered taxpayers should verify and update their email address and mobile number on the e-filing portal to receive electronic communication.<\/p>\nA detailed user guide and quick reference guide is available on the portal to assist the taxpayer in submitting online response. In case of any difficulty in submitting on line response, help desk at 1800 4250 0025 may be contacted.<\/p>\n
Data analytics will be used to select cases for verification, based on approved risk criteria.\u00a0 If the case is selected for verification, request for additional information and its response will also be communicated electronically. The information on the online portal will be dynamic getting updated on receipt of new information, response and data analytics.<\/p>\n
The response of taxpayer will be assessed against available information. In case explanation of source of cash is found justified, the verification will be closed without any need to visit Income Tax Office. The verification will also be closed if the cash deposit is declared under Pradhan Mantri Garib Kalyan Yojna (PMGKY).<\/p>\n
The taxpayers covered in this phase should submit their response on the portal within 10 days in order to avoid any notice from the ITD and enforcement actions under the Income-tax Act as also other applicable laws.<\/p>\n
\u00a0Ministry of Finance<\/p>\n","protected":false},"excerpt":{"rendered":"
The Income Tax Department (ITD) has initiated Operation Clean Money.\u00a0Initial phase of the operation involves e-verification of large cash deposits made during <\/p>\n","protected":false},"author":91,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1188,2],"tags":[],"class_list":["post-102871","post","type-post","status-publish","format-standard","hentry","category-hot_off_the_press","category-news"],"yoast_head":"\n
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These are persons whose tax profiles were found to be inconsistent with the cash deposits made by them during\u2026","rel":"","context":"In "Hot Off The Press"","block_context":{"text":"Hot Off The Press","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/hot_off_the_press\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":131441,"url":"https:\/\/www.scconline.com\/blog\/post\/2017\/05\/17\/operation-clean-money-portal-launched-will-enable-citizen-engagement-for-creating-a-tax-compliant-society-transparent-tax-administration\/","url_meta":{"origin":102871,"position":1},"title":"Operation Clean Money portal launched, will enable citizen engagement for creating a tax compliant society & transparent tax administration","author":"Saba","date":"May 17, 2017","format":false,"excerpt":"The Union Minister of Finance officially launched the Portal of Operation Clean Money\u00a0(https:\/\/www.cleanmoney.gov.in)\u00a0on May 16, 2017.\u00a0The Operation Clean Money was initiated by the Income Tax Department (ITD) on the 31st January, 2017 with the launch of e-verification of large cash deposits made during 9th November to 30th December 2016. In\u2026","rel":"","context":"In "Hot Off The Press"","block_context":{"text":"Hot Off The Press","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/hot_off_the_press\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":86341,"url":"https:\/\/www.scconline.com\/blog\/post\/2016\/11\/18\/transactions-in-relation-to-which-quoting-pan-is-mandatory\/","url_meta":{"origin":102871,"position":2},"title":"Transactions in relation to which quoting PAN is mandatory","author":"Saba","date":"November 18, 2016","format":false,"excerpt":"The Income Tax Department prescribes a list of transactions for which quoting of Permanent Account Number (PAN) is mandatory. These are listed in Rule 114B of the Income Tax Rules, 1962 which were first inserted with effect from 1st November, 1998 and have been amended from time to time. The\u2026","rel":"","context":"In "Hot Off The Press"","block_context":{"text":"Hot Off The Press","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/hot_off_the_press\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":235249,"url":"https:\/\/www.scconline.com\/blog\/post\/2020\/09\/03\/cbdt-provides-itr-filing-compliance-check-functionality-for-scheduled-commercial-banks\/","url_meta":{"origin":102871,"position":3},"title":"CBDT provides ITR Filing Compliance Check Functionality for Scheduled Commercial Banks","author":"Bhumika Indulia","date":"September 3, 2020","format":false,"excerpt":"Central Board of Direct Taxes in exercise of powers conferred under Section 138(1)(a) of Income Tax Act, 1961, has issued Order inF.No. 225\/136\/2020\/ITA.II dated 31.08.2020, for furnishing information about IT Return Filing Status to Scheduled Commercial Banks, notified vide notification No. 71\/2020 dated 31.08.2020 under sub-clause (ii) of clause (a)\u2026","rel":"","context":"In "Legislation Updates"","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":293394,"url":"https:\/\/www.scconline.com\/blog\/post\/2023\/05\/29\/shardul-amarchand-mangaldas-hires-rohit-garg-to-further-strengthen-their-tax-practice\/","url_meta":{"origin":102871,"position":4},"title":"Shardul Amarchand Mangaldas hires Rohit Garg to further strengthen their tax practice","author":"Bhumika Indulia","date":"May 29, 2023","format":false,"excerpt":"29th May, 2023| New Delhi: We are pleased to announce that Rohit Garg has joined as a Partner in our firm\u2019s Delhi office. He will be part of the Tax practice. Rohit regularly represents clients before the Honorable Supreme Court of India, various High Courts, Income Tax Appellate Tribunals, and\u2026","rel":"","context":"In "Law Firms News"","block_context":{"text":"Law Firms News","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/law-firms-news\/"},"img":{"alt_text":"rohit garg","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/05\/rohit-garg.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/05\/rohit-garg.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/05\/rohit-garg.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/05\/rohit-garg.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":245227,"url":"https:\/\/www.scconline.com\/blog\/post\/2021\/03\/08\/cairn-energy-plc-and-cairn-uk-holdings-limited-cuhl-v-government-of-india-a-rising-and-burning-need-for-investor-state-mediation-in-investor-state-tax-and-energy-related-disputes\/","url_meta":{"origin":102871,"position":5},"title":"Cairn Energy PLC and Cairn UK Holdings Limited (CUHL) v. 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