Central Board of Direct Taxes(CBDT) will hold a ‘Talkathon’ tomorrow to spread awareness about the newly introduced Income declaration scheme.
The Finance Act 2016 has enabled The Income Declaration Scheme 2016 to be starting from 1st June.
The Income Declaration Scheme, 2016 incorporated as Chapter IX of the Finance Act 2016 provides an opportunity for all persons who have not declared income correctly in earlier years to come forward and declare such undisclosed income(s).
The scheme shall remain in force for a period of 4 months from 1st June 2016 to 30th September 2016 for filing of declarations and payments towards taxes, surcharge & penalty must be made latest by 30th November 2016. Declarations can be filed online or with the jurisdictional Pr. Commissioners of Income-tax across the country.
The Hashtag #AskonIncomeDisclosure has introduced for this event. CBDT members Smt. Rani Singh Nair and Shri S K Sahai will lead the Talkathon sessions.
