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Old 10-02-2016, 11:57 AM
megri's Avatar
megri megri is offline
Join Date: Dec 2004
Location: Chandigarh India
Posts: 1,396
Default Black money worth Rs 65250 crore disclosed under Income Declaration Scheme

The Income-Tax dept collected black money worth Rs 65250 crore Deadline for Indians to disclose their hidden black money under Income Declaration Scheme (IDS) 2016 is over.

The government is say it success but this is not true. The IDS never picked up earlier the tax people have been making lot of conferences and meeting but nothing has happened

In last 10 days income tax people start survey, raids, search and seizures and make it compulsory for all rich people to surrender the amount by all means. There are lot of complaints by business man that tax people really acted like don to get the tax money by all means. Each and every tax department was give unofficial target to collect money by all means. So what we feel that the amount shown by government is not voluntary disclosed but forced collection

The business community is not happy with this and may affect BJP in long run.

Last edited by megri : 12-04-2016 at 08:14 AM.
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