The Income Tax Department has rejected two sets of declarations of two lakh crore rupees and 13, 860 crore rupees made under the Income Declaration Scheme, IDS. These declarations were rejected after it was found that the declarants were persons of suspicious nature and very small means. <br/><br/>The Department has commenced enquiries against them to determine the intention behind these false declarations. A family of four from Mumbai made the declaration of two lakh crore rupees, whereas the other declaration was filed by a resident of Ahmedabad for an amount of 13,860 crore rupees. These declarations kept pending for probe and were not included in total value of declarations announced on first of October this year. <br/><br/>Meanwhile, the revised figure of actual declarations is 67 thousand 382 crore rupees as against declarations totalling 65 thousand 250 crore rupees announced earlier. The scheme was announced by the government in June this year with an aim to bring out black money from the domestic economy. <br/><br/>Those disclosing assets under the IDS will have to pay 45 per cent tax with penalty. The payments can be made in three installments till September 2017. The first installment of 25 per cent under the scheme was to be paid by November this year followed by another installment of 25 per cent by 31st March 2017. The remaining amount will have to be paid by September, 2017.