Economy

Chart Of The Day: The Absurdity Of The Sayed Family’s Income Declaration

Swarajya Staff

Dec 05, 2016, 06:38 PM | Updated 06:38 PM IST


Banned notes
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.

The chart represents the income declaration made by the Shah family
The chart represents the income declaration made by the Shah family
The chart represents the income declaration made by the Sayed family.
The chart represents the income declaration made by the Sayed family.

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