Interim Rewards to Informants Issued Within 4 Months After Assessments Under Section 10(3)/(4) of Black Money Act 2015
All reward-granting authorities aim to pay the interim reward to eligible informants within four months. This timeline applies after the completion of relevant assessments under Section 10(3)/(4) of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, for cases involving undisclosed foreign income/assets. Alternatively, it applies within four months of the Investigation Directorate forwarding the final investigation report to the Assessing Officer for cases involving undisclosed income/assets under the Income-tax Act, 1961.
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