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Notes on clauses-Income Declaration scheme

Notes-10 - Bill - Notes on clauses - Bill - Notes-10 - Income Declaration Scheme 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 und .....

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nt. on the undisclosed income declared in the scheme, a surcharge at the rate of twenty-five per cent. of such tax as Krishi Kalyan Cess; and penalty at the rate of twenty-five per cent. of tax; procedure and manner of filing the declaration under th .....

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