January 03, 2026 08:53 am (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
‘Epicentre of misgovernance’: Rahul Gandhi blasts Madhya Pradesh govt over deadly water contamination | After Mamdani's letter, 8 US lawmakers push 'fair trial' for Umar Khalid amid UAPA case | ‘Bad neighbours’: Jaishankar shreds Pakistan, defends India’s right to act against cross-border terror | New Year gift for rail passengers! PM Modi to flag off first Vande Bharat sleeper in January | ‘Rs 1 lakh for his tongue’: Shah Rukh Khan faces threats after KKR signs Mushtafizur Rahman amid violence against Hindus in Bangladesh | New Year horror in Switzerland: Dozens feared dead in Crans-Montana bar explosion | Tobacco stocks crushed as govt slaps fresh excise duty from Feb 1 | Vodafone Idea shares explode 10% after surprise settlement and govt relief boost | No third party involved: India govt sources refute China’s Operation Sindoor ceasefire claim | Amit Shah blasts TMC over border fencing; Mamata fires back on Pahalgam and Delhi blast

Arun Jaitley to meet tax industry professionals to discuss IDS

| | Jun 28, 2016, at 08:36 pm
#Income Declaration Scheme (IDS) 2016 #IDA 2016 #Arun Jaitley
New Delhi, Jun 28 (IBNS): Union Finance Minister Arun Jaitley is scheduled to meet industry associations and professionals on Tuesday to discuss about the four-month window being provided to holders of undeclared wealth to come clean, according to media reports.
The one-time compliance provision for black money holders in India and the opportunity to escape harsher penalties has raised many doubts, which the finance minister expects to clear in these meetings.
 
Jaitley, while tabling the Union Budget had announced a four-month window under the Income Declaration Scheme (IDS) 2016. 
 
The Income Tax Department has implemented a four-pronged strategy to ensure success of the scheme, media reported.
 
During his 'Mann ki Baat' address, Prime Minister Narendra Modi asked people to declare their undisclosed income by September 30, and said this is the last chance to avoid problems that will follow after the window of opportunity closes.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.
Related Images
In images: Defence Minister Rajnath Singh chairs a meeting at DRDO Headquarters on 68th Foundation Day
In images: Defence Minister Rajnath Singh chairs a meeting at DRDO Headquarters on 68th Foundation Day Jan 01, 2026, at 09:34 pm
In images: Amit Shah arrives in Kolkata for a 3-day visit in poll-bound West Bengal
In images: Amit Shah arrives in Kolkata for a 3-day visit in poll-bound West Bengal Dec 29, 2025, at 09:47 pm
In Images: PM Modi pays heartfelt tribute to Atal Bihari Vajpayee on 101st birth anniversary at Rajghat
In Images: PM Modi pays heartfelt tribute to Atal Bihari Vajpayee on 101st birth anniversary at Rajghat Dec 25, 2025, at 02:05 pm
Related Videos
#bangladesh: Hindu Man Lynched, Set Ablaze as Islamist Mob Runs Riot After Youth Leader’s Killing Dec 22, 2025, at 04:31 pm
PM #Modi witnesses soulful rendition of #vandemataram by Ethiopian singers in #Ethiopia Dec 22, 2025, at 04:30 pm
Moment Sydney Bondi beach shooter was disarmed by brave man in civilian clothes Dec 22, 2025, at 04:29 pm