Declaration requirement: bank deposits may be treated as eligible though not existing at filing; cash must exist at payment. Where undisclosed income is represented by deposits in an account with a specified entity, those deposits need not exist on the date of filing the declaration or making payments under the Scheme; however, where undisclosed income is represented by cash, that cash must exist on the date of payment of tax, surcharge and penalty under the Scheme or on the date of deposit under the Pradhan Mantri Garib Kalyan Deposit Scheme, 2016, whichever is earlier.
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.
Declaration requirement: bank deposits may be treated as eligible though not existing at filing; cash must exist at payment.
Where undisclosed income is represented by deposits in an account with a specified entity, those deposits need not exist on the date of filing the declaration or making payments under the Scheme; however, where undisclosed income is represented by cash, that cash must exist on the date of payment of tax, surcharge and penalty under the Scheme or on the date of deposit under the Pradhan Mantri Garib Kalyan Deposit Scheme, 2016, whichever is earlier.
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