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The Income Declaration Scheme, 2016 - Undisclosed Income Invested in Acquisition of such Capital Asset

Income Tax - 9 of 2016 - Dated:- 27-9-2016 - Instruction No.9 of 2016 F.No.142/8/2016-TPL Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) *** New Delhi, the 27th September, 2016 To, All The Principal Chie .....

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2016 and the sale proceeds so received are held in cash, then the amount of undisclosed income required to be declared under the Scheme shall be the amount of undisclosed income invested in acquisition of such capital asset as increased by the capita .....

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ount of undisclosed income for declaration under the Scheme is not in accordance with the provisions of the Scheme and clarificatory circulars issued by the Board from time-to-time. 3. The Board hereby reiterates the provisions contained in section 1 .....

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