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LATEST NEWS UPDATES | Gujaratis disclosed Rs 18,000 crore in black money in 4 months, reveals RTI -Ashish Chauhan

Gujaratis disclosed Rs 18,000 crore in black money in 4 months, reveals RTI -Ashish Chauhan

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published Published on Oct 2, 2018   modified Modified on Oct 2, 2018
-The Times of India

AHMEDABAD: Gujaratisdeclared a whopping Rs 18,000 crore in four months flat under the Income Declaration Scheme (IDS), about 29% of the total unaccounted money disclosed across the country.

This happened between June and September 2016, before black money hogged the spotlight courtesy demonetisation and even ahead of property dealer Mahesh Shah’s disclosure of illegal income of Rs 13,860 crore.

In a reply to anRTI query, the Income-Tax (I-T) department stated that over Rs 18,000 crore was declared in Gujarat under IDS from June 2016 to September 2016— 29% of the total declaration of Rs 65,250 crore under the scheme.

Ittook I-T department nearly two years to provide the information that RTI applicant Bharatsinh Jhala had sought in his application of December21, 2016, after Ahmedabad-based property dealer Shah’s Rs 13,860 crore declaration. His IDS was, however, cancelled after he defaulted on payment on the first instalment.

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The Times of India, 2 October, 2018, https://timesofindia.indiatimes.com/india/gujaratis-disclosed-rs-18000-crore-in-black-money-in-4-months-reveals-rti/articleshow/66035622.cms?from=mdr


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