https://www.taxtmi.com/acts?id=21306 Persons may declare taxable undisclosed income for years before the 2017-18 assessment year if they failed to file returns, failed to disclose income in filed returns, or the income escaped assessment due to omission; where declared as investment in assets, the asset's fair market value at Scheme commencement is deemed the undisclosed income, with valuation to be prescribed and no deduction allowed against such declared income. en-us Fri, 06 May 2016 18:37:58 +0530 Fri, 06 May 2016 18:37:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=21306 Persons may declare taxable undisclosed income for years before the 2017-18 assessment year if they failed to file returns, failed to disclose income in filed returns, or the income escaped assessment due to omission; where declared as investment in assets, the asset's fair market value at Scheme commencement is deemed the undisclosed income, with valuation to be prescribed and no deduction allowed against such declared income. Act-Rules F. Acts / Amendment Acts Fri, 06 May 2016 18:37:58 +0530 https://www.taxtmi.com/acts?id=21306