https://www.taxtmi.com/news?id=17108 The Scheme permits declaration of undisclosed income chargeable to tax for assessment years commencing on or before the 1st day of April, 2017, subject to payment of tax at 30% of undisclosed income, surcharge at 33% of tax and penalty at 10% of undisclosed income, and a deposit of not less than 25% of undisclosed income into the Pradhan Mantri Garib Kalyan Deposit Scheme, 2016, which carries no interest and has a four-year lock-in; the Scheme does not confer immunity for specified criminal and statutory offences. en-us Sat, 17 Dec 2016 11:06:37 +0530 Sat, 17 Dec 2016 11:06:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=17108 The Scheme permits declaration of undisclosed income chargeable to tax for assessment years commencing on or before the 1st day of April, 2017, subject to payment of tax at 30% of undisclosed income, surcharge at 33% of tax and penalty at 10% of undisclosed income, and a deposit of not less than 25% of undisclosed income into the Pradhan Mantri Garib Kalyan Deposit Scheme, 2016, which carries no interest and has a four-year lock-in; the Scheme does not confer immunity for specified criminal and statutory offences. News - Sat, 17 Dec 2016 11:06:37 +0530 https://www.taxtmi.com/news?id=17108