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Operation Clean Money

  Jul 12, 2017

Operation Clean Money

Operation Clean Money is to detect the generation of black money after demonetisation. Operation Clean Money, CBDT said, is being conducted by the tax department through the use of advanced data analytics allowing "optimisation of government resources and causing minimum inconvenience to the taxpayers.

2nd Phase 1st Phase Demonetisation was aimed at the elimination of black money that casts a long shadow of parallel economy on our real economy and the latest operation is one of the major steps aimed at achieving this goal and also widen the tax base.