The amount declared is around 25 per cent of all the cash deposited after demonetisation was announced.

Highlights Declaration suspicious, filed by persons of small means, says ministry

Amount is thrice the Rs. 65,250 crore declared under disclosure scheme

The family of four are residents of Bandra, Mumbai

A Mumbai family's declaration of Rs 2 lakh crore income has been rejected and investigations in the matter are on, the Union Finance Ministry has said. The ministry said the declaration was rejected as it was "suspicious in nature, being filed by persons of small means".The family of four -- Abdul Razzaque Mohammed Sayed, his son Mohammed Aarif Abdul Razzaque Sayed, wife Rukhsana Abdul Razzaque Sayed and sister Noorjahan Mohammed Sayed, are residents of Bandra.The declaration of Sayeeds is thrice the total amount of Rs 65,250 crore declared under the Income Disclosure Scheme, formed to flush out black money. The scheme, which closed on September 30 and under which the stash was declared, provides immunity to those who declare hidden income and pay 45 per cent of the declared amount as tax, surcharge and penalty.Expressing suspicion that the declarations could have been "misused", the ministry said inquiries are on to "determine the intention behind these false declarations".The ministry said it has also rejected the declaration of Mahesh Shah, the Ahmedabad-based businessman, who had gone missing last month after declaring black money worth over Rs. 13,000 crore The low-profile real estate dealer, who has since surfaced, has told income tax officials that the money belonged to many people, including politicians, bureaucrats and builders.After being questioned for nearly seven hours today, the 67-year-old was allowed to leave on health grounds. He will be questioned again tomorrow.Regarding the Sayeeds, the ministry said three out of the four PAN numbers were originally from Ajmer. These were migrated to Mumbai in September 2016, where the declarations were filed.