Enquiry or investigation in respect of document/evidence relating to Income Declaration Scheme (IDS), 2016 found during the course of Search u/s 132 or Survey action u/s 133A of the Income-tax Act,1961 - Income Tax - 32/2016

Circular No. 32 of 2016 F.No.299/124/2016/IT-Inv.III Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (Investigation Division) Ground Floor, E-2, ARA Centre, Jhandewalan Extn. New Delhi-110 055. Date: 01/09/2016. Sub: Enquiry or investigation in respect of document/evidence relating to Income Declaration Scheme (IDS), 2016 found during the course of Search u/s 132 or Survey action u/s 133A of the Income-tax Act,1961- regarding; The Income Declaration Scheme, 2016 (hereinafter referred to as the Scheme ) came into effect on 1st June, 2016. To address doubts and concerns raised by the stakeholders, the Board has issued five sets of FAQs vide Circular Nos. 17 , 24 , 25 , 27 29 of 2016. To allay apprehensions relating to the income/asset declared under the Scheme vis- -vis search and survey action by the Income-tax Department, the following clarification is issued. 2. It is clarified that wherever in the course of search under section 132 or survey operation under section 133A of Income-tax Act, 1961 , any document is found as a proof for having already filed a declaration under the Scheme, including acknowledgement issued by the Income-tax Department for having filed a declaration, no enquiry would be made by the Income-tax Department in respect of sources of undisclosed income or investment in movable or immovable property declared in a valid declaration made in accordance with the provisions of the Scheme. Sd/- (Amit Mohan Mittal) Under Secretary to the Government of India Tel: 011-23519409 [email protected]