15,000 jewellers get tax notices to give money they made on demonetisation day

About 15,000 jewellers have received tax notices asking them to turn over money they made on the night of demonetisation day, the India Bullion and Jewellers Association said. The Income Tax Department suspects that black money was behind the jewellery purchases. The industry body estimated that authorities are seeking around ₹50,000 crore from people in the gems and jewellery sector.