The VDIS (Voluntary Disclosure of Income Scheme) was the brainchild of
The correct choice is: “P. Chidambaram” The Voluntary Disclosure of Income Scheme, 1997 was introduced in the 1997–98 Union Budget by Finance Minister P. Chidambaram (United…
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The VDIS (Voluntary Disclosure of Income Scheme) was the brainchild of
Answer and explanation
Correct answer A
The correct choice is: “P. Chidambaram”
The Voluntary Disclosure of Income Scheme, 1997 was introduced in the 1997–98 Union Budget by Finance Minister P. Chidambaram (United Front government). It allowed people to declare undisclosed income and assets by paying tax at a flat 30% (20% for others), with immunity from prosecution, and it brought in about ₹10,000 crore in tax.
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