Rs 2,500 crore black money declared in MP, Chhattisgarh under IDS

Around `2,500 crore has been disclosed collectively in Madhya Pradesh and Chhattisgarh, with the first quarter of Income Declaration Scheme ending on September 30.

Around `2,500 crore has been disclosed collectively in Madhya Pradesh and Chhattisgarh, with the first quarter of Income Declaration Scheme ending on September 30.

The two states have over 23 lakh tax payers. The four-month Income Declaration Scheme was opened on June 1, encouraging people to make declarations which will remain confidential.

Sources said that this was the initial amount that had been estimated. The total amount of declarations is still being compiled.

According to sources, Raipur and Bhopal were among the top cities in the two states when it came to disclosure of black money.