Black money disclosure: Identity strictly confidential: CBDT

Income Tax Department has said strict confidentiality will be maintained about the identity of persons who have disclosed black money under the Income Declaration Scheme (IDS). The Central Board of Direct Taxes (CBDT), in a statement, has clarified that no official list of region wise declarations has been issued. It also cautioned that the public not to pay any heed to fraudulent messages related to the scheme



circulating on social media. 

While announcing the details of IDS on Saturday, Finance Minister Arun Jaitley too had stressed that no break-up of the declarations on the basis of trades, cities and States would be released to ensure absolute secrecy of the declarants. A huge sum of 65,250 crore rupees in black money was declared through the one-time declaration window that closed last month.