Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding


  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
Law and Procedure an e-book

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 are the relevant factors that are considered for the determination of Interim or Final reward?

  • Contents

Ans. The following factors may be considered for the grant and payment of interim or final reward:

a. Fulfilment of conditions for grant of interim or final reward, as the case may be, mentioned in this scheme.

b. Accuracy and precision of the information furnished by the Informant.

c. Extent of the usefulness of information, including supporting documents etc. provided by the Informant.

d. Extent and nature of assistance rendered by the Informant in the detection of undisclosed income/asset.

e. In the case of the final reward, the amount of additional taxes levied and realised on the undisclosed income/asset detected, which is directly attributable to the information received from the Informant.

f. Risk and trouble undertaken and expenses incurred by the Informant in securing and furnishing the information.​

 

Quick Updates:Latest Updates