Black Money – Domestic and International Efforts

Those under watch ineligible for IDS

  1. Context: The govt’s decision to open a one-time compliance window for domestic black money-holders
  2. News: It would exclude potential disclosures from people who received notices seeking a regular explanation on the returns they had filed
  3. The scheme allows undisclosed income of any financial year up to 2015-16 through this window
  4. Impact: This could limit the success of the scheme
  1. Context: The govt’s decision to open a one-time compliance window for domestic black money-holders
  2. News: It would exclude potential disclosures from people who received notices seeking a regular explanation on the returns they had filed
  3. The scheme allows undisclosed income of any financial year up to 2015-16 through this window
  4. Impact: This could limit the success of the scheme
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