The department has identified 17.92 lakh individuals whose tax profiles were not in line with the cash deposits made by them during the 50-day demonetisation
window that ended on December 30, 2016. As part of the initial phase, it had sought online response on source of cash deposits made by these people.
To another query, Gangwar said enforcement actions of the tax department during April 1, 2014, to December 21, 2016, have led to the admission of undisclosed income of more than Rs 60,000 crore and seizure of undisclosed assets worth Rs 2,607 crore.
"About Rs 8,400 crore have been brought to tax on account deposits made in unreported foreign bank accounts in HSBC cases in last about 2 years and about Rs 8,500 crore of credits in the undisclosed foreign accounts of Indians whose names were disclosed by the International Consortium of Investigative Journalists (ICIJ) have been detected," he said.
In another reply, Gangwar said the tax department has conducted 848 searches during April-December 2016 and seized assets of Rs 1,133 crore. The undisclosed income admitted to in the said searches was Rs 11,856 crore.
Further, 5,015 surveys were conducted in April-December which brought to light undisclosed income of Rs 9,454 crore.