https://www.taxtmi.com/news?id=17159 The Income Declaration Scheme post demonetization is governed by provisions addressing cash credits, unexplained investments, unexplained money and expenditure, undisclosed amounts not in books, and a specific tax on such unexplained income, operating alongside general tax rates and penalty regimes for under reporting, misreporting, failure to maintain records, and search related penalties; the scheme also interfaces with Pradhan Mantri Garib Kalyan Yojana deposit and taxation rules and the benami transactions prohibition framework. en-us Sun, 25 Dec 2016 20:37:13 +0530 Mon, 26 Dec 2016 10:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=17159 The Income Declaration Scheme post demonetization is governed by provisions addressing cash credits, unexplained investments, unexplained money and expenditure, undisclosed amounts not in books, and a specific tax on such unexplained income, operating alongside general tax rates and penalty regimes for under reporting, misreporting, failure to maintain records, and search related penalties; the scheme also interfaces with Pradhan Mantri Garib Kalyan Yojana deposit and taxation rules and the benami transactions prohibition framework. News - Sun, 25 Dec 2016 20:37:13 +0530 https://www.taxtmi.com/news?id=17159