https://www.taxtmi.com/circulars?id=4582 The Ordinance permits persons with undisclosed income or wealth to make a declaration and pay tax to obtain benefits available only to the declarant. Declarations by minors, women or Hindu undivided families cannot be made to benefit another and are confidential; one primary voluntary disclosure is permitted per person; firms must declare concealed firm income while partners need not declare separately; tax paid under the Ordinance is to be credited irrespective of assessment years, and seized assets retained may be adjusted against declared tax to the extent they correspond to declared undisclosed income. en-us Sat, 25 Oct 1975 00:00:00 +0530 Wed, 30 Jul 2008 19:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4582 The Ordinance permits persons with undisclosed income or wealth to make a declaration and pay tax to obtain benefits available only to the declarant. Declarations by minors, women or Hindu undivided families cannot be made to benefit another and are confidential; one primary voluntary disclosure is permitted per person; firms must declare concealed firm income while partners need not declare separately; tax paid under the Ordinance is to be credited irrespective of assessment years, and seized assets retained may be adjusted against declared tax to the extent they correspond to declared undisclosed income. Circulars Income Tax Sat, 25 Oct 1975 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4582