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CBDT issues new set of FAQs to clarify queries regarding Income Declaration Scheme 2016

News and Press Release - Dated:- 1-7-2016 - The Income Declaration Scheme, 2016 provides an opportunity to persons who have not paid full taxes in the past to come forward and declare their undisclosed income and assets. The Scheme came into effect on 1st June, 2016. Declarations under the Scheme may be filed upto 30th September, 2016. Vide Circular No. 17 dated 20th May and Circular No. 24 dated 27th June, 2016 the Board has issued clarifications in the form of FAQs. The CBDT has since received .....

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