Declaration of undisclosed income requires prescribed forms, payment of tax, surcharge, penalty and mandated deposit under PM Garib Kalyan rules. The rules require declarants to file undisclosed income disclosures using Form-1 (cash or deposits), submitted electronically with digital signature or electronic verification code or in print; revised declarations are permitted before the notified date. The Principal Commissioner/Commissioner must issue a Form-2 certificate after acceptance. Declarants must pay tax, surcharge and penalty calculated on the declared amount and deposit a mandated portion into the Pradhan Mantri Garib Kalyan Deposit Scheme, providing proof of payment and deposit and completing prescribed identity and verification attestations.
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 requires prescribed forms, payment of tax, surcharge, penalty and mandated deposit under PM Garib Kalyan rules.
The rules require declarants to file undisclosed income disclosures using Form-1 (cash or deposits), submitted electronically with digital signature or electronic verification code or in print; revised declarations are permitted before the notified date. The Principal Commissioner/Commissioner must issue a Form-2 certificate after acceptance. Declarants must pay tax, surcharge and penalty calculated on the declared amount and deposit a mandated portion into the Pradhan Mantri Garib Kalyan Deposit Scheme, providing proof of payment and deposit and completing prescribed identity and verification attestations.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
