November 05, 2024 13:29 (IST)
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Verification of high value suspicious declarations made under the IDS 2016 , says govt

Verification of high value suspicious declarations made under the IDS 2016 , says govt

New Delhi, Dec 4 (IBNS): An Income Declaration Scheme (IDS) was announced in the Union Budget 2016-17 under which declaration of undisclosed income or asset could be made by agreeing to pay forty five percent (45%) of the declared amount as tax, surcharge and penalty.