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Hyd Man's Rs 10,000 crore Black Money
By: Tupaki Desk | 2 Oct 2016 4:14 PM GMT
Hyderabad leads the list of cities where highest amount of black money disclosures took place under the Income Declaration Scheme (IDS) 2016.
To everyone's shock, A single Hyderabadi has come up with undisclosed income of Rs 10,000 crore under IDS on the last day, September 30th.
Telangana and AP alone accounted for Rs 17,000 crore out of total disclosures of Rs 65,250 crore. Until few days ago, Only Rs 2,000 crore disclosures have been made. In the last three days, The figure has gone up to a staggering Rs 17,000 crore.
Central Government has announced Income Declaration Scheme in June this year encouraging those evading tax to voluntarily pay tax and penalty of 45 percent for the undisclosed black money. Finance Minister assured that the identity of those who has actively used IDS will be safeguarded.
To everyone's shock, A single Hyderabadi has come up with undisclosed income of Rs 10,000 crore under IDS on the last day, September 30th.
Telangana and AP alone accounted for Rs 17,000 crore out of total disclosures of Rs 65,250 crore. Until few days ago, Only Rs 2,000 crore disclosures have been made. In the last three days, The figure has gone up to a staggering Rs 17,000 crore.
Central Government has announced Income Declaration Scheme in June this year encouraging those evading tax to voluntarily pay tax and penalty of 45 percent for the undisclosed black money. Finance Minister assured that the identity of those who has actively used IDS will be safeguarded.
