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Income Declaration Scheme: Rs 65,000 cr and counting

Till 11 pm, the pan-India declarations had exceeded Rs 65,000 cr, implying a tax amount or earning of Rs 30,000 cr for the govt

Shrimi Choudhary Dilasha Seth & Nivedita Mookerji  |  Mumbai/New Delhi 

The Capital’s tallest building, the 28-storey Civic Centre near the New Delhi Railway Station, is hardly a hub of action on a weekend night. But September 30 was not like any other Friday evening. It was the last day of the government’s Income Declaration Scheme (IDS).

And hours before the midnight deadline, top officials in Mumbai and New Delhi confirmed that the response was overwhelming. Till 11 pm, the pan-India declarations had exceeded Rs 65,000 crore, implying a tax amount or earning of Rs 30,000 crore for the government. While the final tally will be announced by Finance ...

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First Published: Sat, October 01 2016. 00:58 IST
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