Income Declaration Scheme: value assets at 1 June 2016, file Form 1, and pay tax, surcharge and penalty to secure certificate. The rules implement the Income Declaration Scheme, 2016 requiring declarations in Form 1 and determination of fair market value of assets as on 1 June 2016 by category, with specified valuation methods (including registered valuer reports and a formula for unquoted equity shares). Declarations may be filed electronically or in print; authorities acknowledge in Form 2, require proof of payment in Form 3 and issue a certificate in Form 4 after payment. Transfer of benami assets to the real owner and full payment by the prescribed deadline are compliance conditions; non payment or misrepresentation voids the declaration.