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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

Will an assignment of the reward by the Informant be recognised?

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Ans. Since the reward under this scheme is in the nature of an ex-gratia payment, no assignment thereof made by the Informant will be recognised. The authority competent to grant reward may, however, grant reward to the legal heirs or nominees of an Informant who has passed away. But the provisions of the scheme shall apply to the heir as would have applied had the Informant not died. For this purpose, the Informant shall specify the nominee at the time of furnishing the information. If there is more than one legal heir or nominee, the reward shall be distributed in equal share unless indicated otherwise in Annexure - A or the right is relinquished by any or more of the legal heirs.

 

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