Para 1 - Introduction - Income Tax Informants Rewards Scheme, 2018

F. No. 292/62/2012-IT (Inv.III)/26 Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) A.R. A. Centre (Ground Floor), E-2; Jhandewalan Extension, New Delhi 110055 Dated, 23.4.2018 To All Principal Chief Commissioners of Income Tax (CCA) All Directors General of Income Tax (Investigation) Sir/Madam, Sub: Income Tax Informants Rewards Scheme, 2018 Ref: Board s letter F. No. 292/2/1998-IT (Inv. III) dated 29.11.2007 The undersigned is directed to say that the reward scheme for informants, named `Guidelines for grant of rewards to Informants, 2007 , as was issued in 2007 vide Board s letter referred above, has been revised and Income Tax Informants Rewards Scheme, 2018 has been issued in supersession of it with effect from date of issue. Further, guidelines containing procedure to be followed by Departmental officers for implementation of the Reward Scheme is issued separately. While the Income Tax Informants Rewards Scheme, 2018 is for public circulation, the Guidelines for Departmental officers is for departmental use. Copy of the revised reward scheme is enclosed herewith. Encl: As above Yours Faithfully, (Syamal Datta) Director Investigation III, CBDT Tele-Fax: 011-23547587 Email: [email protected] INCOME TAX INFORMANTS REWARD SCHEME, 2018 1. Introduction: In supersession of the Guidelines for grant of rewards to Informants, 2007 and other existing guidelines on the subject, the following new reward scheme is hereby introduced for regulating grant and payment of reward to a person who is an informant under this scheme. A person can get reward up to Rs. Five crore by giving specific information about evasion of Income tax on income and assets in India and abroad. Identity of the informant shall be kept confidential. 1.1. Short Title: This scheme shall be called Income Tax Informants Reward Scheme, 2018 . 1.2. Commencement : This scheme comes into effect on the date of issue. 1.3. Scope: This scheme shall regulate the grant and payment of reward to informants in cases where information is received by a JDIT (Inv) from the informant on or after the date of issue of this Scheme that leads to detection of substantial tax evasion under the provisions of Income Tax Act, 1961 and/or the Black Money (Undisclosed Foreign Income Assets) and Imposition of Tax Act, 2015. This scheme shall not be applicable to information regarding recovery of irrecoverable taxes as the Central Board of Direct Taxes has issued separate Guidelines for the same vide F. No. 385/21/2015-IT (B) dated 26.8.2015. 1.3.1. However, the Guidelines for grant of rewards to Informants, 2007 shall continue to be applicable in cases where information was received before the date of issue of this Scheme.