CHALLAN 284

[anil goenka]

At the time of payment of Tax under Black Money (Undisclosed Foreign Income and Assets ) challan , there are option to select Assessment Year 2015-16 or 2016-17. But why the option for assessment year 2015-16 has been inserted by the CBDT ?. If someone disclosed in compliance window in Form 6, in that case we required to select AY 2015-16 or 2016-17 ? . Pls clear the assessment year in which the payment will be fall .

AI Summary

Confusion over selecting assessment year for tax payments under Black Money scheme using challan 284; CBDT clarifies options. A user inquired about the appropriate assessment year to select when paying taxes under the Black Money (Undisclosed Foreign Income and Assets) scheme using challan 284. They noted the options for Assessment Year 2015-16 and 2016-17 and questioned why the Central Board of Direct Taxes (CBDT) included the option for 2015-16. The user sought clarification on which assessment year to choose, especially when disclosures are made using Form 6 during the compliance window.