Can a person declare under the Scheme his undisclosed income which has been acquired from money earned through corruption?

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... d Questions (FAQs)
Income Tax
Ans. No. As per section 196(b) of the Finance Act, 2016, the Scheme shall not apply, inter-alia, in relation to prosecution of any offence punishable under the Prev .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... the provisions of the Income-tax Act shall apply in respect of such income as they apply in relation to any other undisclosed income.
Manuals, Ready reckoner, Law and practice, Reference Guide, Qui .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X