-The Times of India AHMEDABAD: Gujaratis declared 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 an RTI query, the Income-Tax (I-T) department...

-PTI New Delhi: The Comptroller & Auditor General of India (CAG) may do a performance audit of the just-ended black money disclosure scheme, but will not get into the disclosures made. As much as Rs 65,250 crore of undeclared assets were declared through 64,275 declarations in the one-time four-month compliance window provided under the Income Disclosure Scheme (IDS), which closed on September 30. ”The information filed under the IDS is confidential and will...

-The Hindu The scheme also shuts out ‘innocent’ taxpayers who filed returns on time but whose cases were chosen for scrutiny to verify claims. Tax payers, whose returns were picked for random scrutiny by the authorities in recent years, would not be eligible to turn concealed income into ‘white’ under the Income Declaration Scheme (IDS), announced in the Union Budget to bring black money into the tax net. Experts believe this may...