TMI BlogCan a person declare under the Scheme his undisclosed income which has been acquired from money earned through corruption?X X X X Extracts X X X X X X X X Extracts X X X X ..... Questions (FAQs) - Income Tax - Manuals - Ans. No. As per section 196(b) of the Finance Act, 2016 , the Scheme shall not apply, inter-alia, in relation to prosecution of any offence punishabl ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on is held as void, the provisions of the Income-tax Act shall apply in respect of such income as they apply in relation to any other undisclosed income. - Manuals - Ready reckoner - Law and practi ..... X X X X Extracts X X X X X X X X Extracts X X X X
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