https://www.taxtmi.com/circulars?id=5135 The Voluntary Disclosure of Income Scheme, 1997 permits disclosure of untaxed or undisclosed income for assessment years where returns were not filed, income was omitted, or escaped assessment; disclosures of wealth are excluded. Tax at specified rates must be paid before filing or within three months with interest; failure to pay within that period voids the declaration. Declarations in prescribed form, supported by documentation, are filed with the Commissioner who issues a certificate on full payment. Declarations are confidential and inadmissible in penalty or prosecution proceedings, subject to listed exceptions. en-us Tue, 10 Jun 1997 00:00:00 +0530 Sat, 09 Aug 2008 16:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=5135 The Voluntary Disclosure of Income Scheme, 1997 permits disclosure of untaxed or undisclosed income for assessment years where returns were not filed, income was omitted, or escaped assessment; disclosures of wealth are excluded. Tax at specified rates must be paid before filing or within three months with interest; failure to pay within that period voids the declaration. Declarations in prescribed form, supported by documentation, are filed with the Commissioner who issues a certificate on full payment. Declarations are confidential and inadmissible in penalty or prosecution proceedings, subject to listed exceptions. Circulars Income Tax Tue, 10 Jun 1997 00:00:00 +0530 https://www.taxtmi.com/circulars?id=5135