https://www.taxtmi.com/circulars?id=5137 Disclosures under the Voluntary Disclosure of Income Scheme, 1997 protect disclosed income from wealth-tax for assessment years up to 1997-98, though assets attributable to that income remain liable to wealth-tax from 1998-99 onward; penalties for disclosed income are waived beyond section 271(1)(c); disclosures are barred for years in which surveys or searches were carried out or for years earlier to such operations, and seized or discovered assets during searches remain excluded from relief. Jewellery declarations must state year of acquisition with evidence. Multiple declarations are prohibited and benami immunity is not conferred. en-us Fri, 25 Jul 1997 00:00:00 +0530 Sat, 09 Aug 2008 16:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=5137 Disclosures under the Voluntary Disclosure of Income Scheme, 1997 protect disclosed income from wealth-tax for assessment years up to 1997-98, though assets attributable to that income remain liable to wealth-tax from 1998-99 onward; penalties for disclosed income are waived beyond section 271(1)(c); disclosures are barred for years in which surveys or searches were carried out or for years earlier to such operations, and seized or discovered assets during searches remain excluded from relief. Jewellery declarations must state year of acquisition with evidence. Multiple declarations are prohibited and benami immunity is not conferred. Circulars Income Tax Fri, 25 Jul 1997 00:00:00 +0530 https://www.taxtmi.com/circulars?id=5137