#IDS 2016 Archives - NewsTaxIndia

CBDT Committed to Strict Confidentiality Under Income Declaration Scheme 2016

October 4, 2016 NewsTaxIndia0 comments628 views

CBDT Press Release Dated 3rd October, 2016 Sub: CBDT committed to Strict Confidentiality under Income Declaration Scheme 2016 -reg While announcing the results of the Income Declaration Scheme 2016 on 1st October, 2016 at a press conference in Delhi, the Honourable Finance Minister Shri Arun … Continue Reading →

Income Tax

Income Declaration Scheme 2016 unearths Rs.65250 Crore Income

October 2, 2016 NewsTaxIndia0 comments695 views

Income Declaration Scheme 2016 unearths Rs.65250 crore of hitherto Undeclared Income and Assets; 64275 declarations filed under IDS-2016 up to the midnight of 30th September, 2016 The Income Declaration Scheme, 2016 came into effect from 1st June, 2016. It provided an opportunity to persons who … Continue Reading →

Income Tax

CBDT clarifies unconfirmed reports on IDS 2016

September 15, 2016 NewsTaxIndia0 comments712 views

CBDT Press Release dated 15-09-2016 on unconfirmed reports on IDS 2016 Certain sections of the press have been speculating on the taxpayer response to the currently on-going Income Disclosure Scheme 2016 over the last couple of days. The CBDT would like to clarify that these … Continue Reading →

Income Tax

CBDT clarifies that no enquiry or investigation in respect of assets declared found during the course of Search u/s 132

September 3, 2016 NewsTaxIndia0 comments636 views

The IDS’2016- CBDT clarifies that no enquiry or investigation in respect of assets /income declared which were found during the course of Search u/s 132 or Survey action u/s 133A of the Income-tax Act,1961 The Income Declaration Scheme, 2016 incorporated as Chapter IX of the … Continue Reading →