https://www.taxtmi.com/acts?id=51522 A new Chapter IXA creates a Pradhan Mantri Garib Kalyan declaration scheme allowing persons to declare undisclosed income for specified assessment years, subject to mandatory tax, a welfare surcharge, a separate penalty, and a minimum interest free deposit in a notified Deposit Scheme; no deductions or set offs are allowed, declarations must be made and paid in prescribed form with proof, declared amounts are excluded from total income but do not permit reopening of completed assessments, declarations obtained by misrepresentation are void, and specified categories of persons and offences are excluded. en-us Thu, 19 Jun 2025 12:19:23 +0530 Thu, 19 Jun 2025 12:19:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=51522 A new Chapter IXA creates a Pradhan Mantri Garib Kalyan declaration scheme allowing persons to declare undisclosed income for specified assessment years, subject to mandatory tax, a welfare surcharge, a separate penalty, and a minimum interest free deposit in a notified Deposit Scheme; no deductions or set offs are allowed, declarations must be made and paid in prescribed form with proof, declared amounts are excluded from total income but do not permit reopening of completed assessments, declarations obtained by misrepresentation are void, and specified categories of persons and offences are excluded. Act-Rules F. Acts / Amendment Acts Thu, 19 Jun 2025 12:19:23 +0530 https://www.taxtmi.com/acts?id=51522