Income Declaration Scheme ends

Income Declaration Scheme was a great scheme started by Modi government to get black money. Income Declaration Scheme 2016 unearths Rs.65250 crore of Undeclared Income and Assets. 64275 declarations were filed under IDS-2016 up to the midnight of 30th September, 2016. The Income Declaration Scheme, 2016 came into effect from 1st June, 2016. It provided an opportunity to persons who had not paid full taxes in the past to come forward and declare their domestic undisclosed income and assets. Now officials will organise a crackdown on those who they believe did not come clean and are still hiding undisclosed income.


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