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of <h1>Income Declaration Scheme 2016: Clause 189 Protects Declarants from Penalties, Except Section 182, and Sets Tax and Surcharge Rates.</h1> Clause 189 of the Income Declaration Scheme, 2016, within the Finance Bill, 2016, states that any declaration made under section 180 is inadmissible as evidence against the declarant in penalty or prosecution proceedings under the Income-tax or Wealth-tax Acts, except for penalties under section 182. The Scheme, operational from June 1, 2016, allows individuals to declare undisclosed income, subject to a 30% tax, a 25% surcharge as Krishi Kalyan Cess, and a 25% penalty. It also outlines procedures for filing, exempts declared income from wealth-tax, and grants rule-making powers to the Central Board of Direct Taxes.
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