Declarations worth ₹300 cr made under new disclosure scheme
The I-T department received confirmations for over ₹300 crore declarations as part of the ongoing disclosure scheme called Pradhan Mantri Garib Kalyan Yojana, launched after demonetisation, officials said. The I-T department received a number of declarations after it conducted several search operations. Under the scheme, undisclosed income can be declared by paying 50% in tax, including penalty.