https://www.taxtmi.com/news?id=16324 The Income Declaration Scheme 2016 offers a four-month voluntary disclosure window for taxpayers to declare undisclosed income and pay a prescribed tax, penalty and surcharge; the Government assures confidentiality-no source enquiries, no sharing with other law enforcement agencies, and no further proceedings for declarants-while treating the window as a non-extendable, one-time opportunity after which the tax department will initiate action. The CBDT has issued FAQs and outreach materials, and the government is considering requests on payment modalities. en-us Fri, 01 Jul 2016 17:27:53 +0530 Fri, 01 Jul 2016 17:27:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=16324 The Income Declaration Scheme 2016 offers a four-month voluntary disclosure window for taxpayers to declare undisclosed income and pay a prescribed tax, penalty and surcharge; the Government assures confidentiality-no source enquiries, no sharing with other law enforcement agencies, and no further proceedings for declarants-while treating the window as a non-extendable, one-time opportunity after which the tax department will initiate action. The CBDT has issued FAQs and outreach materials, and the government is considering requests on payment modalities. News - Fri, 01 Jul 2016 17:27:53 +0530 https://www.taxtmi.com/news?id=16324