With complaints soaring the Income Tax Department in Kerala has launched a probe to find out if there were any wrong-doings by the the cooperative banks in in the state.
The IT department in Kerala is looking at the deposits made into cooperative banks with the old currency. The IT is looking at how these banks accepted the demonetised notes.
There has been a spurt in activity following the announcement of demonetisation and the government suspects that the accounts of the poor might be used to park money.
Srinagar, Nov 11: The separatists want to agitate, but then where is the money? All the money they get to carry forth the agitation is black and of course would have been in the Rs 500 and 1,000 denominations which today is invalid.
The agitation that the separatists have been spearheading for months now was all backed by black money given by Pakistan.
His decision led to panic among those who were holding huge amounts of unaccounted cash.
He talked about financial inclusion … you asked why ?
He asked u to buy paper gold . He talked about Indian ladies purchasing gold .. you asked why …
He gave an answer in a single shot..
Now ask yourself on why u asked him why ..
New Delhi, Nov 9: Prime Minister Narendra Modi made a big announcement on Tuesday by declaring Rs 500 and 1,000 notes as invalid.
The Income tax department will ensure complete secrecy when it comes to the issue of black money. Revealing the names of black money holders has done more harm than good for the cause. Certain countries have given out names in good faith but the fact that the names have been made public has not gone down too well with those countries. During the first phase of the probe into black money holdings, several names had been made public. This has led to a slow down in more information coming in to India.