10000 Crore IT Declaration is Fake

Remember about that news about an individual of Hyderabad declaring 10000 Crore Black Money in the last minute of the closure of Income Declaration Scheme. Back then the news came as a rage. The news also had political repercussions as some alleged it is none other than AP Opposition Leader, YS Jagan Mohan Reddy.

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YSR Congress hit back claiming that it is some Benami of Chandrababu Naidu. But then it is emerging that the 10000 Crore declaration is fake. Sources say that an individual who runs a small business put up his IDS application for 10000 crores but then when IT department checked the veracity of the disclosure, they found it fake.

The trader made the startling declaration just to attract attention and some cheap publicity. In fact, he did not have even Rs 1 crore. Now, there are rumours that those holding black money could approach IDS applicants to convert their stash into white by paying the 45 percent penalty.