CG notified 30-09-2016, 30-11-2016 and 30-09-2017 as the dates for make a declaration in respect of as the date on or before which the benamidar shall transfer to the declarant, being the person who provides the consideration for such asset, or his legal representative - 32/2016 - Income Tax

GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) NOTIFICATION NO. 32/2016 New Delhi, the 19th May, 2016 S.O. 1830(E)- In exercise of the powers conferred by section 183 , section 187 and section 190 of the Finance Act, 2016 (28 of 2016), the Central Government hereby appoints - (i) the 30th day of September, 2016 as the date on or before which a person may make a declaration under sub-section (1) of section 183 ; 1 [(ii) the date on or before which the tax and surcharge is payable under section 184 , and the penalty is payable under section 185 in respect of undisclosed income shall be as follows, namely:- (a) the 30th day of November, 2016, for an amount not less than twenty-five per cent. of such tax, surcharge and penalty; (b) the 31st day of March, 2017, for an amount not less than fifty per cent. of such tax, surcharge and penalty as reduced by the amount paid under clause (a); (c) the 30th day of September, 2017, for the whole amount payable under section 184 and 185 as reduced by the amounts paid under clause (a) and (b);] (iii) the 30th day of September, 2017 as the date on or before which the benamidar shall transfer to the declarant, being the person who provides the consideration for such asset, or his legal representative. F.No.142/8/2016-TPL (Ekta Jain) Deputy Secretary to the Government of India -------------------------- Notes:- 1. Substituted vide Not. 59/2016 - Dated 20-7-2016 , before it was read as, (ii) the 30th day of November, 2016 as the date on or before which the tax and surcharge is payable under section 184 , and the penalty is payable under section 185 in respect of the undisclosed income;