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of <h1>1975 Ordinance: Declare Undisclosed Income, Pay Taxes for Immunity; One Declaration Limit Per Section 3(1.</h1> The Voluntary Disclosure of Income and Wealth Ordinance, 1975, allows individuals who previously evaded taxes to declare undisclosed income and wealth, pay taxes, and gain immunity. Clarifications include: minors, women, and Hindu undivided families can declare their own income but not for others; registered taxpayers can declare for years without notices; firms must declare concealed income themselves; tax payment before declaration is required; only one declaration is allowed under section 3(1); declarations are confidential and not used against others; seized assets can be declared if conditions are met; and inquiries into asset acquisition sources are permitted.
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