Economy
Chart Of The Day: The Absurdity Of The Sayed Family’s Income Declaration
Banned notes
Two high-value declarations made under the Income Declaration Scheme (IDS) that closed on 30 September bear the hallmarks of conspiracy rather than genuine efforts to disclose hidden incomes.
We compared these two declarations, one of Mahesh Kumar Champaklal Shah of Ahmedabad who declared an income of Rs 13,860 crore and the other of the Sayed family in Mumbai, who disclosed Rs 200,000 crore to the market capitalisation of several of India’s top companies. Here’s what we found.
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