Indore: Incessant surveys by Income Tax department to unearth money laundering during demonetization have started bearing fruits. In a bid to avoid any legal hassles arising out of these surveys, jewelers and automobile dealers have started making declarations under the Pradhan Mantri Garib Kalyan Yojna (PMGKY).
On Tuesday, Rajpal Toyota, a dealer of Toyata vehicles, declared Rs 1 crore under the scheme. The IT department had surveyed his showrooms at Lasudiya Square and Palsikar Colony on Monday. Details from his bank accounts showed that Rajpal Toyota had sold vehicles in November and December. The showroom had even accepted demonetized currency. IT sleuths are also tracking people, who bough vehicles from the showroom. Sources said that the taxman is working on information that points towards several traders, who were involved in money laundering during demonetization.
