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Jaitley to meet India Inc on black money window

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Finance Minister Arun Jaitley will meet industry associations today to clear doubts about the four- month window provided to holders of undeclared wealth to come clean. This will be the first such meeting Jaitley will hold to explain provisions as well as clear misgivings about the one- time compliance window. The income tax department has already adopted a four- pronged strategy to ensure success of the scheme. Prime Minister Narendra Modi on Sunday had warned black money holders to take advantage of the scheme or face action. “ The minister will meet industry chambers, CAs and other professionals in relation to IDS,” a finance ministry official said. To let the domestic black money holders come clean, Jaitley had, in the Budget, announced a four- month window under the Income Declaration Scheme ( IDS), 2016
Business Standard New Delhi, 28th June 2016

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