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Undisclosed income declared not to be treated as benami transaction in certain cases

Clause 187 - Bills - THE INCOME DECLARATION SCHEME , 2016 - Bill - Clause 187 - 187. The provisions of the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) shall not apply in respect of the declaration of undisclosed income made in the form o .....

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ment. Clauses 178 to 196 of the Bill seeks to insert a new Chapter IX relating to Income Declaration Scheme, 2016. The said Scheme, inter alia, provides for declaration of undisclosed income by any person. The scheme shall be in operation from the 1s .....

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