Informant reward scheme incentivises reporting of tax evasion and ensures informant confidentiality with specified reward eligibility. The Income Tax Informants Reward Scheme, 2018 establishes a mechanism to grant rewards to persons whose information leads to detection of substantial tax evasion under the Income Tax Act and the Black Money Act, superseding 2007 guidelines; informant identity is to be kept confidential, rewards are subject to a prescribed maximum, departmental procedural guidelines govern implementation, the scheme applies to information received on or after its issue date, and it excludes cases covered by separate irrecoverable tax recovery guidelines.
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.
Informant reward scheme incentivises reporting of tax evasion and ensures informant confidentiality with specified reward eligibility.
The Income Tax Informants Reward Scheme, 2018 establishes a mechanism to grant rewards to persons whose information leads to detection of substantial tax evasion under the Income Tax Act and the Black Money Act, superseding 2007 guidelines; informant identity is to be kept confidential, rewards are subject to a prescribed maximum, departmental procedural guidelines govern implementation, the scheme applies to information received on or after its issue date, and it excludes cases covered by separate irrecoverable tax recovery guidelines.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
