PATNA: Income Tax authorities have confiscated Rs 2.30 crore (Rs 23 million) of a doctor in Bihar after he failed to provide the source of income, media reports said on Tuesday.
Reports said the doctor in question Dr Shankar Kumar Ishar had allegedly deposited the said cash in his bank account barely within 15 days of the demonetization drive launched by the Narendra Modi government at the Centre.
The said doctor hails from Saharsa district and is said to have roaring private practice.
“During the course of interrogation, the doctor failed to provide the details of his money and its source of income after which the IT authorities seized his money,” the local media reported today.
The IT authorities have also begun investigation after a woman deposited Rs 40 lakh (Rs four million) in her Jan Dhan account within a week time after the government launched demonetization drive on November 8.
The woman identified as Sitara Devi, a resident of Nehru Nagar locality in Bhojpur district claimed having earned that huge money from her milk business.
As per woman’s claim, she has a joint family with 60 members. She said she deposited the money in the one account in the absence of proper information.
Authorities said the Jan Dhan account of the woman opened with Zero balance had no transaction made in the past 18 months since its opening but suddenly after demonetization drive, it saw a huge deposit of Rs four million in barely one week against the maximum deposit limit of Rs 50,000 in such accounts.