Review of tax base through 10 years of data post-demonetisation
Investigation conducted to determine whether India's tax base has expanded
By Capital Kranti desk, Gandhinagar · Editor: Parth Thakkar
5 November 2026, 6:25 pm · 1 min read
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According to a report by Business Standard, data from the 10 years following demonetisation has been reviewed. The objective of this review is to ascertain whether demonetisation led to an expansion of India's tax base.
On the other hand, as per a report by The Times of India, a widowed woman had deposited ₹60,07,500 in cash into her bank account during the financial year 2015-16. She had not filed an income tax return for the relevant year, due to which the assessing officer issued a show-cause notice under Section 148A(b) of the Income Tax Act, 1961.
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