https://www.taxtmi.com/acts?id=20578 The provision mandates that tax, surcharge and penalties paid under the Income Declaration Scheme, 2016 for voluntarily disclosed undisclosed income are not refundable, while the Scheme prescribes the tax, surcharge and penalty payable, excludes declared income from affecting total income or completed assessments, provides wealth tax exemption for declared assets, and confers rulemaking and difficulty removal powers on the Central Board of Direct Taxes and the Central Government. en-us Mon, 29 Feb 2016 18:13:34 +0530 Mon, 29 Feb 2016 18:13:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=20578 The provision mandates that tax, surcharge and penalties paid under the Income Declaration Scheme, 2016 for voluntarily disclosed undisclosed income are not refundable, while the Scheme prescribes the tax, surcharge and penalty payable, excludes declared income from affecting total income or completed assessments, provides wealth tax exemption for declared assets, and confers rulemaking and difficulty removal powers on the Central Board of Direct Taxes and the Central Government. Act-Rules Bill Mon, 29 Feb 2016 18:13:34 +0530 https://www.taxtmi.com/acts?id=20578