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Bill - Highlights / Catch Notes

Home Highlights March 2016 Year 2016 This

Declaration of undisclosed income - THE INCOME DECLARATION ...


Income Declaration Scheme 2016: Declare Undisclosed Income, No Deductions Allowed, Ensures Tax Compliance.

March 4, 2016

Act Rules     Bill

Declaration of undisclosed income - THE INCOME DECLARATION SCHEME, 2016 - When the declaration can be filed - Determination of fair market value - No deduction in respect of any expenditure or allowance shall be allowed against the income in respect of which declaration under this section is made.

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