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Income Declaration Scheme: Government assures complete confidentiality Scheme not be extended beyond September 30 : Revenue Secretary

News and Press Release - Dated:- 1-7-2016 - The Government has assured complete confidentiality to those declaring their income under the Income Declaration Scheme 2016. Addressing a press conference in Mumbai today, the Revenue Secretary, Government .....

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ation contained in the declaration will not be shared with any other law enforcement agency. The Income Declaration Scheme (IDS) 2016, which was announced by the Finance Minister Shri Arun Jaitley in the Union Budget 2016-17, opened from June 1. The .....

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ply clear that this is a one time opportunity and the window will not be extended beyond the four month period , ending on September 30. He said this is a last chance for people to declare their unaccounted income, following which, the Income Tax Dep .....

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. These suggestions are being examined by the government and an appropriate decision would be taken in due course of time Shri Adhia added. To a query on whether undisclosed income can be passed on as current income and tax paid at a lower 33% rate, .....

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