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Income Declaration Scheme - Post Demonetization

News and Press Release - Dated:- 25-12-2016 - Some important provisions - relevant for the Income to be Declared after Demonetization Income Tax Act, 1961 Section 68 : Cash credits Section 69 : Unexplained investments Section 69A : Unexplained money, .....

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69 or section 69A or section 69B or section 69C or section 69D. S. 2 of F.A, 2016 : General Rates of Income-tax. - As prescribed in Finance Act, 2016 Section 270A : ​​​​​​​Penalty for under-reporting and misr .....

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c. Section 271AA : Penalty for failure to keep and maintain information and document, etc., in respect of certain transactions Section 271AAA : Penalty where search has been initiated Section 271AAB : Penalty where search has been initiated Section 2 .....

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