The government received Rs 67,382 crore from 71,726 declarants under the Income Declaration Scheme which ended on September 30, the Central Board of Direct Taxes said in a notification.
On October 1, Finance Minister Arun Jaitley had announced that the four-month black money declaration window had received declarations worth Rs 65,250 crore from 64,275 declarants which would be subject to an upward revision as a lot of hand-made declarations were made in the last minute. The revised amount of Rs 67,382 crore does not include two high value declarations which were found suspicious by the taxman, the notification by the apex direct taxes body said.
The first declaration worth Rs 2 lakh crore was made by a family of four declarants namely, Abdul Razzaque Mohammed Sayed, Mohammed Aarif Abdul Razzaque Sayed, Rukhsana Abdul Razzaque Sayed and Noorjahan Mohammed Sayed who were residents of the same address in Bandra, Mumbai. The other was filed by Mahesh Shah for an amount of Rs. 13,860 crore, the CBDT notification said.
After due enquiry it was found that these declarants were persons of suspicious nature and very small means and the declarations could have been misusedCBDT Notification
One of the two declarants, Mahesh Shah was detained by the Income Tax Department on Saturday. income tax officials had carried out raids at Shah's residence in Ahmedabad, his relative's houses, and the office and residence of the chartered accountancy firm that had made the IDS declaration for him.
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