https://www.taxtmi.com/news?id=16357 The clarification confirms that the Department's limited enquiry position does not alter the Scheme's prescribed levy: tax, surcharge and penalty must be paid at the specified rate on undisclosed income, and amounts used to pay those liabilities must be included in declarations to obtain immunity; paying Scheme liabilities from other undeclared funds does not confer immunity for those funds unless they are declared. en-us Thu, 14 Jul 2016 11:33:05 +0530 Thu, 14 Jul 2016 11:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=16357 The clarification confirms that the Department's limited enquiry position does not alter the Scheme's prescribed levy: tax, surcharge and penalty must be paid at the specified rate on undisclosed income, and amounts used to pay those liabilities must be included in declarations to obtain immunity; paying Scheme liabilities from other undeclared funds does not confer immunity for those funds unless they are declared. News - Thu, 14 Jul 2016 11:33:05 +0530 https://www.taxtmi.com/news?id=16357