Significant element of coercion, government's fequent change of stance and lack of trust brought in a confrontationist attitude and led to the failure of Pradhan Mantri Garib Kalyan Yojana.
Offering black money holders one last chance to come clean, Finance Minister Arun Jaitley assured information on assets disclosed during the one-time compliance window will not be shared with any other authority
Income Tax Department has asked its officers to make "all out efforts" to attract potential declarants' under the domestic black money window by assuring them of confidential and hassle-free disclosures
With the scheme for domestic black money holders to come clean by paying tax and penalty set to become operational from June 1, the Finance Ministry on May 12 asked public to seek clarifications on it by May 25.