Over Rs 4,663 crore of undisclosed income has been detected while Rs 110 crore worth new notes have been seized by the Income Tax department as part of its country-wide operations against black money hoarders post the demonetisation of two high value currencies by the government.

IT Dept detected total undisclosed income of Rs 4663 crore till 1st January: IT Sources #demonetisation



— ANI (@ANI_news) January 2, 2017

During the surveys and searches IT Dept made seizure of Rs 562 crore. This include New currency notes of Rs 110 crore: IT Sources



— ANI (@ANI_news) January 2, 2017

1100 Actions taken by IT Dept post #demonetisation till Jan 1st.This include 556 surveys, 253 searches & 289 cases of seizures: IT Sources



— ANI (@ANI_news) January 2, 2017

During this period IT Dept sent 5062 notices for verifications. Around 500 references made to CBI & ED: IT Sources #demonetisation



— ANI (@ANI_news) January 2, 2017

NEW DELHI: Over Rs 4,663 crore of undisclosed income has been detected by the Income Tax department as part of its country-wide operations against black money hoarders post the demonetisation of two high value currencies by the government."The department has also seized Rs 562 crore, including Rs 110 crore worth new notes, during the raids," news agency ANI said while quoting the I-T sources.According to ANI report, Income Tax department has carried out a total of 253 searches, 556 survey, 289 seizures and enquiry operations under the provisions of the Income Tax Act since the note ban was declared on 8 November, even as the department has issued over 5,062 notices to various entities on charges of tax evasion and hawala-like dealings.Last month, Income Tax department claimed to have seized over Rs 3,185 crore of undisclosed income during the nation-wide raids against money hoarders. the department had also claimed to seized Rs 86 crore worth new notes during the raids.