Income Declaration Scheme certificate records accepted undisclosed income, payable tax liabilities, and benami property transfer obligation. Form 4 certifies acceptance of a declaration under the Income Declaration Scheme, 2016, recording declarant identity, PAN, receipt details, assessment ... Summary
Income Declaration Scheme certificate records accepted undisclosed income, payable tax liabilities, and benami property transfer obligation.
Form 4 certifies acceptance of a declaration under the Income Declaration Scheme, 2016, recording declarant identity, PAN, receipt details, assessment year, undisclosed income accepted, asset descriptions, and liabilities (tax, surcharge, penalty and total). It records tax payment particulars and conditions issuance of the certificate on full payment. The form requires the declarant to furnish proof of transfer of benami property to the real owner by the prescribed deadline or forfeit immunity under the Benami Transactions (Prohibition) Act, 1988.
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