It’s the season of income tax raids in Asia’s third-largest economy. Since Indian prime minister Narendra Modi announced the historic demonetisation, India’s income tax (IT) department has seized cash worth Rs120 crore ($17 million) from various raids across the country, until Dec. 06, and identified Rs1,500 crore ($222 million) of unaccounted income, Sushil Chandra, chairman…

via “Here a raid, there a raid, everywhere a raid raid,” say Indian taxmen after demonetisation — Quartz

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