https://www.taxtmi.com/news?id=16968 Banks are directed to accept payments under the Income Declaration Scheme, 2016 via ITNS 286 up to the scheme's final payment deadline and not to seek the source of funds; the Government prescribed a staggered payment schedule requiring minimum instalments of 25% and further 25% before the balance is paid, and Reserve Bank/industry circulars instruct banks to notify and sensitize branches while applying KYC identification without enquiring into source of cash deposits. en-us Mon, 28 Nov 2016 14:21:30 +0530 Wed, 11 Feb 2026 15:56:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=16968 Banks are directed to accept payments under the Income Declaration Scheme, 2016 via ITNS 286 up to the scheme's final payment deadline and not to seek the source of funds; the Government prescribed a staggered payment schedule requiring minimum instalments of 25% and further 25% before the balance is paid, and Reserve Bank/industry circulars instruct banks to notify and sensitize branches while applying KYC identification without enquiring into source of cash deposits. News - Mon, 28 Nov 2016 14:21:30 +0530 https://www.taxtmi.com/news?id=16968