https://www.taxtmi.com/news?id=16685 The Income Declaration Scheme 2016 allowed taxpayers to declare previously undisclosed domestic income and assets through prescribed online or printed forms by the deadline, with measures including clarifications on fictitious liabilities, cost indexation and holding period benefits for immovable property, recognition of valuation reports, confidentiality guarantees for declarations, and an option to pay the tax liability in phased instalments to facilitate compliance. en-us Sat, 01 Oct 2016 17:15:59 +0530 Sat, 01 Oct 2016 17:15:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=16685 The Income Declaration Scheme 2016 allowed taxpayers to declare previously undisclosed domestic income and assets through prescribed online or printed forms by the deadline, with measures including clarifications on fictitious liabilities, cost indexation and holding period benefits for immovable property, recognition of valuation reports, confidentiality guarantees for declarations, and an option to pay the tax liability in phased instalments to facilitate compliance. News - Sat, 01 Oct 2016 17:15:59 +0530 https://www.taxtmi.com/news?id=16685