Income Declaration Scheme – on its way to success!!


(Last Updated On: August 28, 2019)

With the deadline for Income Declaration Scheme being 30th September 2016 approaching soon, many small businesses and roadside eateries are being targeted all over India by way of Income Tax Raids based on last 6 months data with the department.

In Mumbai alone, about 50 were raided and the owners asked to declare their black money under IDS.

Also, about 100 raids and surveys were conducted in Ahmedabad, New Delhi and Kolkata was also targeted.

According to a tax official, about 1 lakh possible evaders have been identified by the government.

 

Source :- http://economictimes.indiatimes.com/wealth/personal-finance-news/income-tax-department-trying-its-best-to-make-ids-a-success/articleshow/54458214.cms?utm_source=COLUMBIA&utm_medium=COLUMBIA&utm_campaign=COLUMBIA

Abhishek Soni

Abhishek Soni is a Chartered Accountant by profession & entrepreneur by passion. He is the co-founder & CEO of Tax2Win.in. Tax2win is amongst the top 25 emerging startups of Asia and authorized ERI by the Income Tax Department. In the past, he worked in EY and comes with wide industry experience from telecom, retail to manufacturing to entertainment where he has handled various national and international assignments.