Is it necessary to file a valuation report of an undisclosed income represented in the form of investment in asset along with the declaration under the Scheme?
FAQs on the Income Declaration Scheme, 2016
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Valuation report requirement: possession of a valuation report is required though submission with the declaration is not mandatory. It is not mandatory to submit the valuation report of undisclosed income represented by investment in an asset when filing the declaration, but the declarant must possess such a valuation report and the departmental e filing portal provides a facility to upload supporting documents.
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.
Valuation report requirement: possession of a valuation report is required though submission with the declaration is not mandatory.
It is not mandatory to submit the valuation report of undisclosed income represented by investment in an asset when filing the declaration, but the declarant must possess such a valuation report and the departmental e filing portal provides a facility to upload supporting documents.
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