What is the quantum of the Final reward if the Informant is eligible for a reward under Income Tax Informants Reward Scheme, 2018 and Benami Transactions Informants Reward Scheme, 2018?
FAQs on Income tax informants reward scheme, 2018
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Informant reward cap limits combined awards under income tax and benami informant schemes when based on substantially same facts. Where an informant is eligible under both the Income Tax Informants Reward Scheme, 2018 and the Benami Transactions Informants Reward Scheme, 2018 for ... Summary
Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015
Informant reward cap limits combined awards under income tax and benami informant schemes when based on substantially same facts.
Where an informant is eligible under both the Income Tax Informants Reward Scheme, 2018 and the Benami Transactions Informants Reward Scheme, 2018 for information based on substantially the same facts, the aggregate reward payable under both schemes together is subject to a combined reward cap not to exceed Rs. 5 crores.
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