Govt to address concerns over IDS

New Delhi : Promising confidentiality on black money disclosures, government on Monday said it is willing to walk the extra mile to address any concerns and incorporate “positive suggestions” on the one-time compliance window provided to undeclared wealth holders to come clean. Almost half-way through the 4-month window provided to undeclared wealth holders to come clean by paying a cumulative tax and penalty of 45 per cent, Minister of State for Finance Arjun Ram Meghwal said the government has an open mind to address any concerns or suggestions on the scheme.  “We have an open mind and will clear all your doubts. Please write to us with whatever doubts you have, we will walk that extra mile to clear them,” he said at a seminar organised on Income Disclosure Scheme 2016. The window opened on June 1 and provides an opportunity to persons who have not paid full tax in the past to come forward and declare the undisclosed income by paying tax, surcharge and penalty, totalling to 45%of the income declared, reports PTI.