Post monetisation, Income Tax department has started a

Solution

The income-tax department has zeroed in on high-value property deals, outward remittances and large cash sales made by at least 60,000 assesses during the demonetisation period, as part of Operation Clean Money launched in January. The department will conduct detailed investigations into the transactions made by these assesses, of which 1,300 have been identified as “high risk” due to their “excessive cash sales” during the period from 8 November-31 December. More than 6,000 high-value property deals and 6,600 outward remittances will also be probed.