I-T Dept Rejects Mumbai Family’s Rs 2 Lakh Cr Declaration in IDS

The declaration was made by a family of four, seemingly of a suspicious nature.

Rs 500 and Rs 1,000 notes were discontinued from Tuesday midnight as a step to curb black money. (Photo: PTI)

• The Income Tax department on Sunday rejected one set of cash declaration worth Rs 2 Lakh Crore made in the Income Declaration Scheme.
• A family of four from Mumbai made the declaration and the I-T department commenced an inquiry into these declarations.
• The declarants were found to be persons of suspicious nature and very small means and it’s a possibility that the declarations could have been misused.
• The four declarants are Abdul Razzaque Mohammed Sayed, Mohammed Aarif Abdul Razzaque Sayed, Shrimati Rukhsana, and Noorjahan Mohammed Sayed.

(With inputs from ANI)