-The Hindu Business Line
Almost half the unaccounted cash seized this fiscal was in this denomination: Tax data
New Delhi: The Rs.2,000 note seems to be the key tool for unaccounted income and assets.
According to the latest Income Tax data, little less than half of the unaccounted cash seized during this fiscal was in the denomination of the maximum value. It was more than 60 per cent during the last two fiscals.
As on March 31, 2019, 3,291 million pieces of Rs.2,000 currency note was in circulation with a value of Rs.6,582 billion.
Please click here to read more.