Where a search/ survey operation was conducted and the assessment has been completed but certain income was neither disclosed nor assessed, then whether such unassessed income can be declared under the Scheme?
FAQs on the Income Declaration Scheme, 2016
📋
Contents
Cases Cited
Referred In
Notifications
Circulars
Forms
Manuals
Acts
Rules & Regulations
Case Laws New
Ref Provisions New
Plus +
Source NTF
Summary
Similar
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
Declaration of undisclosed income permitted under Income Declaration Scheme 2016 following a search or survey operation. Undeclared or unassessed income discovered during a search or survey can be declared under the Income Declaration Scheme; taxpayers may use the Scheme's disclosure mechanism and associated payment procedures to regularise such income rather than leaving it outside the Scheme.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Declaration of undisclosed income permitted under Income Declaration Scheme 2016 following a search or survey operation.
Undeclared or unassessed income discovered during a search or survey can be declared under the Income Declaration Scheme; taxpayers may use the Scheme's disclosure mechanism and associated payment procedures to regularise such income rather than leaving it outside the Scheme.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.