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of <h1>1975 Ordinance Allowed Voluntary Disclosure of Undisclosed Income, Offered Immunity and Required Investment in Government Securities.</h1> The Voluntary Disclosure of Income and Wealth Ordinance, 1975, was introduced to allow individuals and entities to declare previously undisclosed income and wealth, pay taxes on it, and integrate it into the formal economy. The scheme was applicable from October 8 to December 31, 1975, and excluded those detained under certain acts. It categorized provisions for voluntary disclosures, search and seizure cases, and wealth declarations. Participants were required to pay taxes at specified rates and invest a portion in government securities. The ordinance offered immunity from certain penalties and confidentiality of disclosures, with strict conditions on payment and investment compliance.
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