(REOPENS DEL 18)

Amit Maheshwari, Partner Ashok Maheshwary & Associates LLP, said, "The guide will serve as a useful tool for taxpayers grappling with these notices. It's advised that taxpayers take professional help while determining the source of funds as any inaccurate particulars will invite punitive penalties and prosecution. One of the items in explanation of source is if cash is of someone else, it can attract benami law."

The department is leveraging technology and data analytics to dig into truckloads of data on transactions and cash deposits during November 9, 2016 and December 30, 2016 - the 50-day window provided to deposit the junked Rs 500 and Rs 1,000 notes.

"The online verification has been enabled on e-filing portal (for taxpayers) which will be synchronised with the internal verification portal of the Income Tax Department," the user guide said further.

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)