- As much as Rs 65,250 crore of Black money was declared during the four-month compliance window of the Income Declaration Scheme+ that ended on September 30,
- We expect tax collection of Rs 30,000 crore from the IDS declarations.”
- 64,275 declarations+ were made in the four-month window and this figure could go up once all the declarations filed online and manually are compiled.
- The money declared totals Rs 65,250 crore, of which 45 per cent would accrue to the government as tax and penalty.
- The government had provided illegal income and asset holders a one-time opportunity to come clean by declaring their black money+ under the four-month window and pay 45 per cent tax and penalty.
- Reiterating that the one-time window was not an amnesty scheme like the 1997 one, Jaitley said the tax collected in the 1997 Voluntary Disclosure of Income Scheme (VDIS) was Rs 9,760 crore with an average declaration of Rs 7 lakh.
- Briefing reporters on the scheme, which was available from June 1 till the midnight of September 30, the finance minister said the tax authorities were still tabulating the declarations, both in physical and electronic form.
- "So this (declarations) could be revised upward once the full tabulation takes place," Jaitley said.
- "Roughly, the declarations work out to Rs 1 crore per declarant. Some will be higher, some will be lower," he said, but ruled out any revelation of the names of the people who have availed of the scheme.
- Source:-Black money worth Rs 65,250 crore disclosed under Income Declaration Scheme: Arun Jaitley - Times of India
Chandrakant Raghunath Patil, MP from Navsari, adopted Chikhli. Chikhli seen improvement in Sanitation and road renovation under SAGY. The infrastructure is improved.It is emerging as the template of village development. Patil completed the task in just three months. 380 toilets were built in Chikhli, many of them in the two slums life has become better after construction of toilet in their houses regular affair during the monsoons. A huge Shiva statue built six years ago by an NRI on the river bank had lost its colour and texture. The MP built a protection wall all along the riverbank and renovated a temple and the Shiva idol. renovation of road circles in a public-private partnership putting waste collection bins around the village, procurement of a diagnosis machine for the Rotary Eye Hospital (in the nearby Navsari), a library in the village panchayat office, gas-based cremation at the village crematorium, a modern aganwadi centre and a bus stop.
Comments
Post a Comment