https://www.taxtmi.com/acts?id=20581 Exemption from wealth tax applies to assets declared under the Income Declaration Scheme, 2016 where undisclosed income is represented by specified assets omitted, unreported or understated in wealth tax returns; assets omitted or unreported are excluded from net wealth, and understated amounts are ignored to the extent they correspond to voluntarily disclosed income used to acquire the assets, with special rules for firm declarations and subject to fulfilment of scheme conditions. en-us Mon, 29 Feb 2016 18:14:31 +0530 Mon, 29 Feb 2016 18:14:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=20581 Exemption from wealth tax applies to assets declared under the Income Declaration Scheme, 2016 where undisclosed income is represented by specified assets omitted, unreported or understated in wealth tax returns; assets omitted or unreported are excluded from net wealth, and understated amounts are ignored to the extent they correspond to voluntarily disclosed income used to acquire the assets, with special rules for firm declarations and subject to fulfilment of scheme conditions. Act-Rules Bill Mon, 29 Feb 2016 18:14:31 +0530 https://www.taxtmi.com/acts?id=20581