Income Declaration Scheme (Third Amendment) Rules, 2016

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....ed by sub-section (1) and sub-section (2) of section 199 of the Finance Act, 2016 (28 of 2016), the Central Board of Direct Taxes, makes the following rules further to amend the Income Declaration Scheme Rules, 2016 (hereinafter referred to as the principal rules) namely:- 1. (1) These rules may be called the Income Declaration Scheme (Third Amendment) Rules, 2016.      (....

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....iso shall have effect as if for the words "stamp duty value", the words "the fair market value of the property as on 1st day of April, 1981 on the basis of the valuation report obtained by the declarant from a registered valuer", and for the words "Cost Inflation Index for the year in which the property was registered", the words "Cost Inflation Index for the year 1981-82" had been substituted. ....

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....sp;        ________________ (iii) Name(s) under which held                        ________________ (iv) Date of acquisition                     &nbsp....

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....of income referred in (I) is in the form of fictitious liability    Yes/No VI. If reply to (V) is Yes, whether such liability is directly linked to any asset disclosed in the balance sheet      Yes/No VII. If reply to (VI) is No, furnish the following: 1. Nature of liability             &nb....