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of <h1>New Income Tax Informants Rewards Scheme 2018 Offers Up to Rs. 5 Crore for Tax Evasion Tips</h1> The Income Tax Informants Rewards Scheme, 2018, supersedes the 2007 guidelines for rewarding informants who provide information on tax evasion. Informants can receive up to Rs. Five crore for specific information about tax evasion on income and assets in India and abroad, with their identity kept confidential. The scheme applies to information received by the Joint Director of Income Tax (Investigation) leading to substantial tax evasion detection under the Income Tax Act, 1961, and the Black Money Act, 2015. The 2007 guidelines remain applicable for information received before the new scheme's issuance date.
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