One of the biggest positives of the government‘s Income Declaration Scheme is that small businessmen who came with large declarations, according to DS Saksena, Principal Chief Commissioner of Income Tax Department Mumbai.
The response to the government's Income Declaration Scheme (IDS) for black money has been "beyond expectations", DS Saksena, Principal Chief Commissioner of Income-Tax Department, said even as he did not outline any numbers.
Speaking to CNBC-TV18 on the status DS Saksena, Principal Chief Commissioner of Income Tax says these are just 'surveys' based on credible information received about possible tax evasions.
Watch the interview of Principal Chief Commissioner of Income Tax Mumbai, DS Saksena and Personal Finance Expert, Harshvardhan Roongta with Surabhi Upadhyay on CNBC-TV18, in which DS Saksena clears the air on the Income Declaration Scheme (IDS) and tells us exactly how it works.