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<h1>Declare Income Under 2016 Scheme Using Form-1; Submit Electronically or in Print, Get Acknowledgment in 15 Days</h1> Under the Income Declaration Scheme Rules, 2016, individuals must declare income or investments in assets using Form-1. This declaration can be submitted electronically with a digital signature, via electronic verification code, or in print to the relevant tax authority. An acknowledgment in Form-2 is issued within fifteen days of the declaration. Proof of tax, surcharge, and penalty payments must be submitted in Form-3, after which a certificate in Form-4 is granted within fifteen days. The Principal Director-General of Income-tax (Systems) oversees secure data handling and specifies procedures for electronic submissions. An electronic verification code is used for verifying electronic submissions.