New scheme of voluntary disclosure

[ishwar hegde]

Sir,

Plz. give the details of the new scheme

How to declare and what is the effective rate of tax

AI Summary

Voluntary disclosure scheme: query seeks declaration procedure and the applicable effective tax rate for disclosed amounts. Query concerns a newly introduced voluntary disclosure scheme seeking guidance on how taxpayers should make a declaration under the scheme, what information must be disclosed, the procedural steps for submission, and the effective tax rate that will apply to amounts disclosed and how that rate is to be computed or applied.