Hyderabad Man declares 10k crores Black Money

moneyThe most happening city in the country, Hyderabad not only tops the IT sector but also in Black Money declarations under Income Declaration Scheme (IDS) 2016.

A total of Rs 65,250 crore black money disclosed under IDS in India,Hyderabad, Mumbai and Delhi made up for almost half of the more than Rs 65,000 crore worth of black money declarations.

While Hyderabad topped the list with Rs 13,000 crore, Mumbai with RS.8,500 Crore and Delhi & Gujrat received disclosures worth over Rs 6,000 crore each and Kolkatta with 4,000 crores.

Interesting Buzz is that, Till the last day Mumbai was leading with 8,500 crores and suddenly in the last hours of closing the scheme. An individual has walked in declaring Rs.10,000 crore, taking the total to 13,000 crore to top the list.

Since the IDS keeps the decelartions scecretely, the indivudal’s name was not discolsed . Whatever, This guy as made the city Hyderabad proud by disclosing his black money and paying 45 percent tax to the government .