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Clause 178 - Bills - THE INCOME DECLARATION SCHEME , 2016 - FINANCE BILL, 2016 - Clause 178 - CHAPTER IX THE INCOME DECLARATION SCHEME, 2016 178. (1) This Scheme may be called the Income Declaration Scheme, 2016. (2) It shall come into force on the 1 .....

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tion from the 1st day of June, 2016 till a date to be notified by the Central Government in the Official Gazette. The proposed Chapter, inter alia, provides for levying a tax of thirty per cent. on the undisclosed income declared in the scheme, a sur .....

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