Tax Troubles? We've Got You Covered!
Tax Advisory Services
Get Expert Consultation Now!
  • 2500 Cr. Saved Already!
  • Trusted by 1 Million+
  • 10+ Yr. of Industry Experience
Tax Advisor

Income Declaration Scheme may get reviewed by Government!

Updated on: 08 Aug, 2023 03:10 PM

The Comptroller and Auditor General of India (CAG) may audit the Income Declaration Scheme that ended on 30th September 2016. Rs 65,250 crore of undeclared assets were declared through 64,275 declarations under the scheme.

β€œIt can audit the process followed in going about the scheme as well as how well it did. But no specific information on the declaration made will either be gone into by the auditor or shall it be given,” an official said.

Specific information on declarations will not be shared with anyone including investigating agencies like CBI, he added.

CA Abhishek Soni
CA Abhishek Soni

Abhishek Soni is a Chartered Accountant by profession & entrepreneur by passion. He is the co-founder & CEO of Tax2win is amongst the top 25 emerging startups of Asia and authorized ERI by the Income Tax Department. In the past, he worked in EY and comes with wide industry experience from telecom, retail to manufacturing to entertainment where he has handled various national and international assignments.