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of <h1>India Sets Deadlines for Asset Declarations and Transfers Under Finance Act 2016, Referencing Sections 183, 184, and 185.</h1> The Central Government of India, through Notification No. 32/2016 dated May 19, 2016, set specific deadlines related to the declaration and transfer of assets under the Finance Act, 2016. The deadlines are: September 30, 2016, for declarations under section 183; November 30, 2016, March 31, 2017, and September 30, 2017, for staggered payments of tax, surcharge, and penalties under sections 184 and 185; and September 30, 2017, for the transfer of assets by the benamidar to the declarant or their legal representative.
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