Income Tax Dept warns public against cash dealings of Rs 2 lakh or more saying that the receiver of the amount will have to cough up an equal amount as penalty.

Region-wise data on IDS is fraudulently circulated on social media; CBDT hasn't issued official list

INCOME DECLARATION SCHEME, 2016 - CBDT COMMITTED TO STRICT CONFIDENTIALITY UNDER SAID SCHEME
PRESS RELEASEDATED 3-10-2016
While announcing the results of the Income Declaration Scheme 2016 on 1st October, 2016 at a press conference in Delhi, the Honourable Finance Minister Shri Arun Jaitley stressed that no break-up of these declarations on the basis of trades/cities/states shall be released in order to ensure absolute secrecy with respect to the identity of the declarants.
CBDT clarifies that no official list of region wise declarations has been issued. The Income Tax Department is committed to maintaining strict confidentiality of declarations made under the Income Declaration Scheme 2016. CBDT requests the general public not to pay any heed to such fraudulent messages circulating on social media.
Refer:www.taxmann.com

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