Declaration of undisclosed Black Money
Press Information Bureau
Government of India
Ministry of Finance
22-November-2016 17:53 IST
A total number of 64,275* declarants have made declaration of undisclosed income of Rs.65,250* crore under the Income Declaration Scheme, 2016. (*Provisional). Under the Income Declaration Scheme, 2016 the amount of tax, surcharge and penalty is payable in three instalments. The notified date for payment of first instalment is 30th November, 2016. Hence, the quantum of tax collected as part of the Scheme cannot be quantified at this stage.
Government has taken several measures, by way of policy initiatives and enforcement action, to curb black money. Such measures include –