Tag Archives: Income Declaration Scheme

Revised IDS 2016 declaration due to genuine Mistake : CBEC Clarify

By | November 16, 2016

Instruction No.12 of 2016 F.No.370142/8/2016-TPL (Part) Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (TPL Division) *** New Delhi, the 11th November, 2016 To, All Principal Chief Commissioners of Income-tax Subject: – The Income Declaration Scheme, 2016 (the Scheme) -reg. Instances have been reported by the field authorities that… Read More »

IDS 2016 : No PAN ?-File declaration with acknowledgment of PAN application form : CBDT

By | September 28, 2016

Instruction No.10 of 2016 F.No.142/8/2016-TPL Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) *** New Delhi, the 28th September, 2016 To, All The Principal Chief Commissioners of Income-tax Sub.: The Income Declaration Scheme, 2016 – reg. The Income Declaration Scheme, 2016 (the Scheme) has come into effect from 1st… Read More »

No Extension in Deadline for IDS

By | September 27, 2016

Government on Friday ruled out any extension to the September 30 deadline for filing income disclosure under the black money compliance window. In a series of tweets, Revenue Secretary Hasmukh Adhia said expectations are raised that looking to the enthusiasm of people for making IDS declaration, the date for income disclosure scheme (IDS) would be… Read More »

No Enquiry or investigation if income declared under Income Declaration Scheme :CBDT

By | September 2, 2016

Circular No. 32 of 2016 F.No.299/124/2016/IT-Inv.III Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (Investigation Division) Ground Floor, E-2, ARA Centre, Jhandewalan Extn. New Delhi-110 055. Date: 01/09/2016. Sub: Enquiry or investigation in respect of document/evidence relating to Income Declaration Scheme (IDS), 2016 found during the course of Search… Read More »

Income Declaration Scheme (Third Amendment) Rules 2016

By | August 29, 2016

INCOME DECLARATION SCHEME (THIRD AMENDMENT) RULES, 2016  AMENDMENT IN RULE 3 AND FORM-1 NOTIFICATION NO. SO 2728(E) [NO.74/2016 (F.NO.142/8/2016-TPL)], DATED 17-8-2016 In exercise of the powers conferred by sub-section (1) and sub-section (2) of section 199 of the Finance Act, 2016 (28 of 2016), the Central Board of Direct Taxes, makes the following rules further… Read More »

Prime Minister speaks on Income Declaration Scheme in Mann ki Baat

By | June 30, 2016

Prime Minister speaks on Income Declaration Scheme in Mann ki Baat The Honourable Prime Minister, Shri Narendra Modi, in his radio programme, Mann ki Baat aired on Sunday, 26th June, 2016, advised his countrymen about the benefits of declaring hitherto undeclared assets under this scheme.  He asked people to declare their undisclosed income and assets,… Read More »

Monitoring of Income Declaration Scheme 2016 Awareness Programmes

By | June 25, 2016

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 24th June, 2016 To, The Principal CCsIT (All Stations) Sir / Madam, Sub: Monitoring of Income Declaration Scheme, 2016 Awareness Programmes The , 2016 incorporated as Chapter IX of the Finance Act 2016 has commenced from 1st June, 2016… Read More »

Jurisdiction for making declaration under Income Declaration Scheme 2016

By | May 25, 2016

Circular No.19/2O16 F.No I87 / 10 / 20 16.ITA.I Government of India Ministry of Finance Department of Revenue  Central Board of Direct Taxes (Income-Tax) New Delhi, the 25th’ May,2016 Income Declaration Scheme, 2016, introduced vide Finance Act, 2016 (28 of 2016 J, provides an opportunity to persons who have not paid full taxes in the… Read More »

CBDT asks issues from public on Income Declaration Scheme 2016 & Direct Tax Dispute Resolution Scheme 2016

By | May 12, 2016

Stake holders and general public requested to bring-out issues/points by 25th May, 2016 which in their opinion would require further clarification/guidance in Income Declaration Scheme 2016 & the Direct Tax Dispute Resolution Scheme 2016; Both the Schemes are expected to come into force on the 1st of June, 2016 after the Finance Act 2016 receives… Read More »