https://www.taxtmi.com/article/detailed?id=7098 Declaration of undisclosed black money under the Income Declaration Scheme, 2016 is critiqued on grounds that provisional figures showing many declarants and an average declaration of about one crore are modest compared with suspected illicit assets; payment in three instalments creates collection uncertainty. The author contends many declarations resulted from direct or indirect pressure and that exclusion or non-participation by public officers and politicians reduced the scheme's effectiveness, recommending a broader amnesty with immunity to better surface concealed assets and noting risks of asset conversion limiting demonetisation's effect. en-us Fri, 25 Nov 2016 08:32:10 +0530 Fri, 25 Nov 2016 08:32:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7098 Declaration of undisclosed black money under the Income Declaration Scheme, 2016 is critiqued on grounds that provisional figures showing many declarants and an average declaration of about one crore are modest compared with suspected illicit assets; payment in three instalments creates collection uncertainty. The author contends many declarations resulted from direct or indirect pressure and that exclusion or non-participation by public officers and politicians reduced the scheme's effectiveness, recommending a broader amnesty with immunity to better surface concealed assets and noting risks of asset conversion limiting demonetisation's effect. Articles Corporate Laws / IBC / SEBI Fri, 25 Nov 2016 08:32:10 +0530 https://www.taxtmi.com/article/detailed?id=7098