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Introducing the βIn Favour Ofβ filter in Case Laws.
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<h1>Income Declaration Scheme Rules Amended: Update to Form-1 for Accurate Data Collection and Streamlined Process.</h1> The Income Declaration Scheme (Amendment) Rules, 2016, announced by the Central Board of Direct Taxes, modifies the original Income Declaration Scheme Rules, 2016. Effective from its publication date in the Official Gazette, the amendment updates Form-1, specifically serial numbers 1 and 2. It requires declarants to provide their name, address, contact details, and filing status, indicating whether the declaration is original or revised. If revised, the receipt number, date of the original filing, and reasons for revision must be included. This amendment aims to streamline the process and ensure accurate data collection.