Thursday, 7 July 2016

Income Declaration Scheme Benefits

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Good opportunity to avail Income Declaration Scheme 2016 benefits. All persons can avail golden one time opportunity to disclose your undisclosed income, who have not declared income correctly in earlier years to come forward and declare such undisclosed income.


Assets declared in IDS are exempt from Wealth tax.
Under this scheme no scrutiny/enquiry under Income Tax Act/Wealth Tax Act.
Immunity from prosecution under IT/Wealth Tax Act.
Immunity from Benami Transactions Prohibition Act 1988 subject to certain conditions.

Declaration to be made from 1 June 2016 to 30 September 2016.
Tax, surcharge and penalty to be paid by 30 November 2016.

Declaration to be filed online or In print form to jurisdictional PR. Commissioner/Commissioner of Income Tax.

Toll Free No. 1800 180 1961

1 comment:

  1. Thanks for the telling us benefits of income declaration scheme and get detail of know your pan to take benefit of pan card.