Exclusion for corruption-derived income bars declarations under the income declaration scheme and renders them void. Declarations of undisclosed income derived from corrupt activities are excluded from the Income Declaration Scheme; such declarations constitute ... Summary
Exclusion for corruption-derived income bars declarations under the income declaration scheme and renders them void.
Declarations of undisclosed income derived from corrupt activities are excluded from the Income Declaration Scheme; such declarations constitute misrepresentation and are void under the Scheme, and the undisclosed income will be subject to the regular provisions of the Income-tax law as with other undisclosed income.
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