Multiple choice

'VDIS' stands for

  1. Venereal Diseases Infection Syndrome

  2. Vegetable Development in Indian States

  3. Victory Day In Services

  4. Voluntary Disclosure of Income Scheme

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

VDIS (Voluntary Disclosure of Income Scheme) was a tax amnesty scheme launched by the Indian government in 1997. It allowed taxpayers to declare undisclosed income and pay taxes at reduced rates without fear of prosecution. The scheme was highly successful, generating significant revenue for the government.