Missing Gujarat realtor detained after declaring Rs 13,680 crore undisclosed income - News Summed Up

Missing Gujarat realtor detained after declaring Rs 13,680 crore undisclosed income


67-year old Mahesh Shah was arrested barely minutes after he appeared and interacted with a media channel. In a dramatic turn of events, Gujarat real estate businessman Mahesh Shah who went missing after declaring Rs. 13,860 crore under the Centre's Income Disclosure Scheme (IDS), was detained on Saturday by the Income Tax department. The arrest took place barely minutes after he "mysteriously" appeared and interacted with a media channel. The 67-year-old Ahmedabad businessman, as per the scheme, was supposed to pay 45% tax, which comes to Rs.


Source: dna December 03, 2016 16:38 UTC



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