What is Income Tax Informants Reward Scheme, 2018?

Ans. The Income Tax Informants Reward Scheme, 2018 (“the Scheme”) is a reward scheme introduced by the CBDT for payment of rewards to a person who is an informant under this scheme. A person who is an ‘Informant’ can get a reward of up to Rs. 5 crores by giving specific information about the evasion of Income tax on income and assets in India and abroad. The scheme is effective from 23-04-2018.