<h1>2016 Income Declaration Scheme Nets Rs. 67,382 Crore; Suspicious Rs. 2 Lakh Crore and Rs. 13,860 Crore Declarations Rejected.</h1> An Income Declaration Scheme (IDS) announced in the 2016-17 Union Budget allowed declarations of undisclosed income with a 45% tax, surcharge, and penalty. By the scheme's closure on September 30, 2016, declarations totaling Rs. 67,382 crore were recorded from 71,726 individuals. However, two high-value declarations were excluded due to suspicions. A family in Mumbai declared Rs. 2 lakh crore, and an individual in Ahmedabad declared Rs. 13,860 crore, both deemed suspicious due to their modest means. After investigation, these declarations were rejected, and inquiries were initiated to uncover the motives behind these potentially false declarations.