TaxTMI 
TaxTMI 
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 .
CHALLAN 284
17 Dec 2015 
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Assessment year selection for Black Money payment: clarify which assessment year applies after compliance-window disclosure.
Selection of the appropriate assessment year for tax payments under the Black Money (Undisclosed Foreign Income and Assets) challan is the central issue. The payer is presented with options to select either assessment year 2015-16 or 2016-17 when making payment pursuant to the scheme, and the query seeks clarity on which assessment year applies where a taxpayer discloses under the compliance window in Form 6. (AI Summary)
Selection of the appropriate assessment year for tax payments under the Black Money (Undisclosed Foreign Income and Assets) challan is the central issue. The payer is presented with options to select either assessment year 2015-16 or 2016-17 when making payment pursuant to the scheme, and the query seeks clarity on which assessment year applies where a taxpayer discloses under the compliance window in Form 6. (AI Summary)