After depositing and exchanging the demonetized currency, Central government doesn’t seem to let the citizens relax. The nation has got a new task to take up next year. Income Tax department is going to issue e-pass books for citizens to be filled throughout the year.
Everyone needs to register themselves in the pass book and enter the details of all their attributes. As informed by officials, any assets that cross the limit would be recovered by IT department. A time period of a year would be given to the citizens to complete the process.
As per reports, officials said that the talk that restriction would be applied to the purchase of gold and the same if hoarded above certain limits would be recovered by the government, is just a rumor and also that as of now there is no such bill.