Union government suggested Jan Dhan account holders approximately the opportunity of being prosecuted underneath profits Tax Act if their monetary group payments were used for conversion of Black coins.
Upon receiving proceedings on the misuse of Jan Dhan money owed, Centre has provide you with this directive. It came to the attention that Black money holders have been luring humans with Jan Dhan money owed with commissions for depositing the unaccounted cash.
in reality, first-class Rs 50,000 were authorized to deposit in a Jan Dhan account. After November 8th, Account holders had been depositing as a good deal as Rs 2.5 lakh with the aid of taking gain of the limit. however, Finance Ministry made it clean that action may be taking if black coins changed into deposited in Jan Dhan payments among Nov 9th to Dec 30th. The account holders who became discovered of misuse will be prosecuted and should pay penalty. in addition, They might not get maintain of advantages of government-backed schemes.