No Voluntary Disclosure Scheme - Nirmala Sitharaman
REPLYING to the Budget Debate in Rajya Sabha on 30th, the MoS, Finance, Nirmala Sitharaman said,
I would like to put on record here, the experience shows that when you bring in voluntary disclosure schemes, it discriminates against genuine tax payers. Those who do pay tax are disincentivised or it goes against honest tax payers and it may even be discriminatory. So, maybe, that may not be a very conducive path for recovering more taxes.