Officials at the income tax department believe that the PAN card details of the four members of a family in Mumbai which made a declaration of Rs 2 lakh crore under the Income Disclosure Scheme (IDS) might have been misused.
A family of four declarants namely, Abdul Razzaque Mohammed Sayed (self), Mohammed Aarif Abdul Razzaque Sayed (son), Rukhsana Abdul Razzaque Sayed (wife) and Noorjahan Mohammed Sayed (sister), who were shown as residents of Flat number 4, Ground Floor, Jubilee Court, 269-B, TPS-III, Linking Road, Bandra (West), Mumbai, had filed a total declaration of Rs 2 lakh crore.
According to a report in The Times of India, senior Income Tax (I-T) officials admitted that there were several people across the country who had said that their PAN card and other details had been misused to make declarations under IDS.
PTI had also reported that the Income Tax department has rejected the astonishing Rs 2 lakh crore disclosure by the family.
"Among the declarations received, there were two sets of declarations of high value which were not taken on record in the above figure because these declarations were found to be suspicious in nature being filed by persons of small means," the Finance Ministry had said in a statement.
In case of the Mumbai family disclosure, the statement had said, three out of the four PAN numbers were originally in Ajmer which were migrated to Mumbai in September 2016, where the declarations were filed.
With inputs from PTI
Your guide to the latest cricket World Cup stories, analysis, reports, opinions, live updates and scores on https://www.firstpost.com/firstcricket/series/icc-cricket-world-cup-2019.html. Follow us on Twitter and Instagram or like our Facebook page for updates throughout the ongoing event in England and Wales.
Updated Date: Dec 07, 2016 15:10:02 IST