January 13, 2026 03:40 pm (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Markets rally big after US envoy calls India White House’s ‘most important ally’ | Kite diplomacy in Ahmedabad: Modi, German Chancellor share rare moment | ‘No ally more important than India’: US envoy sparks stock market rally | ED moves Supreme Court seeking CBI FIR against Mamata Banerjee over I-PAC raid chaos | Youngest ever! Owen Cooper wins Golden Globe as Adolescence dominates awards night | Timothée Chalamet beats DiCaprio, Clooney to win Golden Globe for Marty Supreme | Golden Globes 2026: DiCaprio’s film, Netflix series steal the show | IPAC raid row escalates! ED drags Mamata Banerjee to Supreme Court after High Court chaos | 'Easy way or hard way': Trump doubles down on controversial push to acquire Greenland | Hindu tenant farmer shot dead in Pakistan’s Sindh, sparks massive protests

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: Mamata Banerjee leads rally in Kolkata against ED raids on I-PAC
In Images: Mamata Banerjee leads rally in Kolkata against ED raids on I-PAC Jan 09, 2026, at 07:10 pm
In Images: Tata Steel Chess India begins in Kolkata
In Images: Tata Steel Chess India begins in Kolkata Jan 06, 2026, at 11:28 pm
In Images: PM inaugurates Buddha relics exposition in New Delhi
In Images: PM inaugurates Buddha relics exposition in New Delhi Jan 04, 2026, at 12:33 am
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