₹65,250 crore black money disclosed by deadline
Finance Minister Arun Jaitley on Saturday said that ₹65,250 crore in black or untaxed money has been disclosed under the Centre's Income Declaration Scheme (IDS). The one-time compliance window closed on Friday. Under the scheme, launched on June 1, those who evaded taxes were allowed to avoid punishment by paying tax, penalty and cess totalling 45% of the declared income.