I-T dept rejects fake disclosure of Rs 2 lakh crore under IDS by Mumbai family

Looks like the Income Tax Department has found another bogus declaration under the Income Disclosure Scheme (IDS) that the Narendra Modi government had launched on 1 June to give tax evaders a chance to escape any action after paying 45 percent total tax.

The Income Tax department on Monday rejected another fake disclosure totalling Rs 2 lakh crores, by a Mumbai-based family of four, ANI tweeted on Sunday.

According to the news agency, the IT-department has rejected a declaration of Rs 2 lakh crore by a Mumbai-based family of four and has commenced enquiries into these declarants.

“Abdul Razzaque Mohammed Sayed (self), Rukhsana Abdul Razzaque Sayed (wife), Mohammed Aarif Abdul Razzaque Sayed (son) and Noorjahan Mohammed Sayed (sister) from Mumbai, had filed a total declaration of Rs 2 lakh crore,” ANI said.

According to ANI, investigations from the income separtment had revealed the declarants to be persons of suspicious nature, and with very small means. The declarations were rejected because the department suspected that they could be misused.

The I-T department had received another bogus declaration of Rs 13,860 crore from a Gujarat-based businessman, named Mahesh Shah, who had vanished just days before the date of paying interest on the disclosed income. Shah, however, appeared on a television channel on Saturday, and was, thereafter, arrested by IT sleuths.

The news agency also informed that the department had knowingly kept declarations from Mumbai and Ahmedabad pending, and didn’t include them in the total value of declarations (Rs 65,250 crore) that was announced on 1 October.