Rs 65, 250 crores collected under Income Declaration Scheme, 2016, says Santosh Kumar Gangwar
A total number of 64,275* declarants have made declaration of undisclosed income of Rs.65,250* crore under the Income Declaration Scheme, 2016....
![CBDT issues instructions on IDS: Fair Market Value shall be adopted to determine the Cost of Capital Asset acquired out of Undisclosed Income [Read Instructions]](https://www.taxscan.in/wp-content/uploads/2016/08/CBDT-Taxscan-2.jpg "CBDT issues instructions on IDS: Fair Market Value shall be adopted to determine the Cost of Capital Asset acquired out of Undisclosed Income [Read Instructions]")
Information contained in declaration under the Income Declaration Scheme is confidential & shall not be shared with any authority, reiterates CBDT
The Income Declaration Scheme, 2016 (the Scheme) provides an opportunity to persons who have not paid full taxes in the past to come forward and declare their undisclosed income and assets. The Scheme...
Enquiry would not be initiated against an assessee if any document of IDS declaration found during search or survey: CBDT [Read Circular]
In a recent Circular (No. 32 of 2016) of Central Board of Direct Taxes (CBDT), has clarified that wherever in the course of search under section 132 or survey operation under section 133A of...
Payment of amount under Income Declaration Scheme can be made in cash to the Banks: CBDT issues new set of FAQs [Read FAQs]
The Central Board of direct Taxes (CBDT) today issued fifth set of Frequently Asked Questions (FAQs) clarifying the different aspect of Income Declaration Scheme. The Income Declaration Scheme, 2016...
CBDT extends the due date for filing acknowledgment of Form-2 under the Income Declaration Scheme [Read Notification]
The Central Board of Direct Taxes (CBDT) recently extended the time limit for issuing acknowledgement in Form 2 under the Income Declaration Scheme from 15 days to 30 days. As per rule 4 Income...