Persons who never filed returns deposit `1.64 cr

The I-T department has found “various inconsistencies” in cash deposits in Jan Dhan accounts and detected about Rs 1.64 crore deposited by persons who have never filed returns as their income shown is below the taxable limit, reports PTI. “Investigation being conducted by the Income Tax Department across India into the sudden surge in cash deposits in Jan Dhan accounts have revealed various inconsistencies,” a Finance Ministry statement said. Undisclosed money worth about Rs 1.64 crore has already been found in Jan Dhan accounts, it said. The money has been deposited by persons who have never filed returns, with their income being below the taxable limits, it added.  The money has been detected at Kolkata, Midnapore, Ara (Bihar), Kochi and Varanasi. Rs 40 lakh has been seized from Bihar. Undisclosed income so detected will be brought to tax as per the provisions of the Income Tax Act, 1961, apart from other actions depending upon the outcome of investigations, it said.