Black money declarations under IDS revised by ₹2,000 crore
The government on Sunday revised upwards the amount of black money disclosed under the Income Declaration Scheme (IDS) to ₹67,382 crore from ₹65,250 announced on October 1, 2016. Further, the number of declarants also increased to 71,726 from 64,275. Notably, the Income Tax Department did not take into consideration two high-value declarations worth over ₹2 lakh crore and ₹13,860 crore.