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Home List Manuals Income TaxIncome Tax - Frequently Asked Questions (FAQs)FAQs on Income tax informants reward scheme, 2018 This

Income Tax - Frequently Asked Questions (FAQs)

FAQs on Income tax informants reward scheme, 2018

What is the quantum of the Final reward if the Informant is eligible for a reward under Income Tax Informants Reward Scheme, 2018 and Benami Transactions Informants Reward Scheme, 2018?

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Ans. If the Informant has claimed the reward for giving information of evasion of tax payable under Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, as well as benami properties based upon substantially the same facts and has been found eligible for grant of reward under both the schemes, the total amount of reward under both the schemes taken together shall not exceed Rs. 5 crores.

 

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