What happens to the money seized by Income Tax Department

#IncomeTaxDepartment #Raid
We have all seen the headlines about seizures worth crores made by income tax authorities during raids on those accused of tax evasion. But ever wonder what happens to the cash after it’s seized? ThePrint looks at what follows the raids.
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[karansingh-xibe]

Congress MP has broke the record of MONEY HEIST webseries 😅

[Kirnotsarg]

You spoke a lot, but failed to mention how the cash is transported to the central treasury - vehicles used, number of armed guards, route, timings, location tracking.
How should I plan my heist?

[maverick]

Thank you for explaining. This was needed.

[sainiamarjeet]

released on funds back to assesse will in the form cash of cheque/DD ?

[KhamandDhokla]

This is blood money of people who were wronged to get basic work done. I hope it returns to the masses in all honesty and not fills up more politicians pockets

[pretread]

Too many repeated words.. make it short and to the point

[kcpauz]

How to pay income tax, how to file ITR returns, how to improve credit score should be taught at high school level. I know how to earn but If I donot know how to pay my income tax then I will always be a deemed income tax evader in the eye of the law.

[lyne-dari]

Income tax also is involved they should not denied

[FATHER]

SHAME SHAME, SEIZURE OF RS 351 CRORE CASH IS CONTRIBUTED BY POOR PEOPLE OF THE STATE WHO BOUGHT LIQUOR FROM THIS CONG MP's COMPANY. CORRUPT LEADERS ARE BECOMING RICHER, POOR REMAINS POORER. PLEASE SUPPORT TO ERADICATE CORRUPTION.

[abracadabra]

the 'anonymous' officer explained the legal procedure but didn't tell you what they actually do in real life… they take a cut and let the criminal off the hook with milder case and penalties. Maybe not in this case but in most cases ED staff makes good money

[SAM-dfcc]

It goes into PM doesn’t care funds of BJP.

[sanjeevtiwari]

The government should come out with a law that no one can keep cash in hand more than 7 days of turnover decided on the last IT return filed by the assessee .

[Rohan-vlve]

Speaker in the video does not have communication skill, he dont even know where to take pause, how to narrate the story. Please do work on it.