Govt launches Operation Clean Money website: Here’s how it helps you come clean on black money

Govt launches Operation Clean Money website: Here's how it helps you come clean on black moneyGovt launches Operation Clean Money website: Here's how it helps you come clean on black money

The government launched a website on Tuesday in the “Clean Money operation” in order to bring illegal wealth books closer, moving in the fight against black money.

According to the government, the portal’s water supply operation will provide details on high-risk areas such as gas pumps and jewelers to raise awareness of better tax compliance.

A taxpayer can also visit the site and agree to pay taxes, which help ensure voluntary compliance.

For the uninitiated, Operation Cleanup Money was the program launched by the Government on January 31 after the end of the demonetization period of the government on December 30, 2016. It was launched to verify cash deposits at From 9 November to 30 December 2016.

According to the government, up to 17.92 lakh people have been identified by unexplained deposits after demonetization and income tax service has identified a lakh suspected cases of tax evasion. The website was launched to help raise awareness of black money and help those wishing to spend depositing species demonetization.

According to the government’s press release, there are three important features for the portal:

1) is intended to provide complete information on a site consisting of step-by-step guides, frequently asked questions, user guides, quick reference guides and training packages related to the deposit verification process performed during demonetization and other problems .

2) This also contributes to citizen participation to increase tax compliance. “Citizens could support the Clean Money transaction by committing to participation and education of citizens and sharing their experiences and giving them feedback,” the statement said.

3) enable transparent tax administration through the exchange of status reports (including disinfected cases and explanations on audit issues) and thematic analysis reports (eg analysis of taxpayer data segment cash deposits), according to The press release.

The website contains detailed electronic auditing FAQs and electronic filing of tax returns. Those who want to know how to handle the process, simply click on the “I am a citizen” link take in the portal.

There are other links for reporting and tax professionals, detailing their responsibilities and processes.

However, according to a report on NDTV, the government did not and did not name tax defaulters or embarrassment that have made their deposits known during demonetization. “The name can be a problem, a transaction may seem suspicious,” said a government source in the report.

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