https://www.taxtmi.com/acts?id=20568 The Income Declaration Scheme, 2016 permits voluntary declaration of undisclosed income subject to a one-time tax, an additional surcharge characterised as a cess, and a penalty; declared income is non-refundable and is excluded from total income and from affecting the finality of completed assessments, while assets specified in the declaration receive wealth-tax exemption. en-us Mon, 29 Feb 2016 18:10:16 +0530 Tue, 01 Mar 2016 14:10:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=20568 The Income Declaration Scheme, 2016 permits voluntary declaration of undisclosed income subject to a one-time tax, an additional surcharge characterised as a cess, and a penalty; declared income is non-refundable and is excluded from total income and from affecting the finality of completed assessments, while assets specified in the declaration receive wealth-tax exemption. Act-Rules Bill Mon, 29 Feb 2016 18:10:16 +0530 https://www.taxtmi.com/acts?id=20568