Power to remove difficulties allows Central Government to issue orders to implement Income Declaration Scheme and lay them before Parliament. The Income Declaration Scheme, 2016 provides for declaration of undisclosed income with a prescribed tax rate, a surcharge as Krishi Kalyan Cess, and a penalty; declared income is not included in total income, is not refundable, and specified assets declared are exempt from wealth-tax. The Central Government has a power to remove difficulties by order, subject to a time limit and the requirement to lay every such order before each House of Parliament, and the Central Board of Direct Taxes may make rules with Central Government approval to implement the Scheme.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Power to remove difficulties allows Central Government to issue orders to implement Income Declaration Scheme and lay them before Parliament.
The Income Declaration Scheme, 2016 provides for declaration of undisclosed income with a prescribed tax rate, a surcharge as Krishi Kalyan Cess, and a penalty; declared income is not included in total income, is not refundable, and specified assets declared are exempt from wealth-tax. The Central Government has a power to remove difficulties by order, subject to a time limit and the requirement to lay every such order before each House of Parliament, and the Central Board of Direct Taxes may make rules with Central Government approval to implement the Scheme.
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