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of <h1>Section 183 Finance Act 2016: Income Declaration Approved, Tax Details Listed, Benami Property Transfer Required for Immunity</h1> A declaration under Section 183 of the Finance Act, 2016, related to the Income Declaration Scheme, 2016, has been accepted by the Office of the Principal Commissioner/Commissioner of Income-tax. The document lists the declarant's details, including their PAN, receipt number, and filing date. It outlines the assessment year, amount of undisclosed income declared, and taxes, surcharges, and penalties payable. The total amount payable is calculated, and details of tax payment are provided. The declarant must transfer benami property to the real owner by a specified date to maintain immunity under the Benami Transactions (Prohibition) Act, 1988.
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