If a person declares only a part of his undisclosed income under the Scheme, then will he get immunity under the Scheme in respect of the part income declared?
FAQs on the Income Declaration Scheme, 2016
Contents
Summary
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Immunity for declared income applies only to amounts disclosed under the Scheme; undeclared income receives no protection. If only part of undisclosed income is declared under the Income Declaration Scheme, 2016, immunity under the Scheme extends only to the declared portion; ... Summary
Immunity for declared income applies only to amounts disclosed under the Scheme; undeclared income receives no protection.
If only part of undisclosed income is declared under the Income Declaration Scheme, 2016, immunity under the Scheme extends only to the declared portion; no immunity is available for the undisclosed income that is not declared.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.