Indian Demonetisation in numbers
Demonetisation success: Explained in numbers INDIA'S HIGHEST EVER DETECTION OF BLACK MONEY * Scrutiny of suspected 18 lakh accounts done * Cash deposits worth Rs 2.89 lakh crore under investigation * Advance data analytics tools identified 5.56 lakhs new suspect cases * 4,73,003 suspicious transactions detected * Undisclosed income worth Rs. 29,213 crore detected and admitted. * Black money worth Rs 16,000 crore did not return post demonetisation * 21 per cent reduction in currency in circulation UNPRECEDENTED INCREASE IN TAX COMPLIANCE * 56 lakh new tax payers added * Number of returns filed increase 24.7 per cent compared to 9.9 per cent in previous year * Advance tax collections of personal income tax grow at 41.79 per cent over same period of last year * Personal income tax under self-assessment tax grow at 34.25 per cent over same period last year. CLEANSING INDIA'S FINANCIAL SYSTEM * Transactions of more than three lakh suspected shell companies under the rada
