Tag Archives: INCOME DECLARATION SCHEME 2016

Time period of property declared under Income Declaration Scheme 2016 -Rules Notified

MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION No. 108/2016- INCOME TAX New Delhi, the 29th November, 2016 G.S.R. 1100(E).—In exercise of the powers conferred by clause (ii) of Explanation 1 to clause (42A) of section 2, read with section 295 of the Income–tax Act, 1961 (43 of 1961), the Central… Read More »

Revised IDS 2016 declaration due to genuine Mistake : CBEC Clarify

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: Uploading of Form-1 filed manually -Facility enabled

F.No.142/8/2016-TPL Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) *** New Delhi, the 30th September, 2016 To, All Principal Chief Commissioners of Income-tax Sub.: Uploading of Form-1 filed under the Income Declaration Scheme, 2016 – reg. CBDT Instruction No.10 of 2016 dated 28.09.2016 provides that in cases where the… Read More »

IDS- CBDT clarified Cash sale of Capital Assets before 01.06.2016

Instruction No.9 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 27th September, 2016 To, All The Principal Chief Commissioners of Income-tax Sub.: The Income Declaration Scheme, 2016 – reg. Instances have been brought to the notice of the Board that some taxpayers… Read More »

IDS 2016 : Clarification on declaration on identical issue which is pending assessment under section 143(3)/147

F. No. 282/227/2016-IT(Inv-.V)/26/2016 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (Investigation Division) New Delhi, dated 21st September, 2016 Order under section 119 of the Income-tax Act, 1961 Circular No.17 of 2016 dated 20.05.2016 relating to the Income Declaration Scheme, 2016 (the Scheme) clarifies that a person shall be eligible to make declaration… Read More »

IDS 2016 -All Circulars/FAQ/Notifications issued by CBDT at one Place

Income Declaration Scheme 2016 (IDS 2016) Latest Books on Income Declaration Scheme 2016 (IDS 2016) CBDT had issued the following Scheme and Rule in theIncome Tax  Act on Income Declaration Scheme 2016 (IDS 2016) :- Income Declaration Scheme 2016 -Chapter IX of Finance Act 2016 Income Declaration Scheme 2016 Explanatory notes [Circular No. 16 of 2016, F.No.370142/8/2016-TPL, Dated 20.05.2016] Income Declaration Scheme Rules… Read More »

5th FAQ on Income Declaration Scheme 2016

INCOME DECLARATION SCHEME, 2016 – CLARIFICATIONS ISSUED TO FURTHER QUERIES RECEIVED FROM PUBLIC RELATING TO SAID SCHEME CIRCULAR NO.29 OF 2016 [F.NO.142/8/2016-TPL], DATED 18-8-2016 The Income Declaration Scheme, 2016 (hereinafter referred to as ‘the Scheme’) came into effect on 1st June, 2016. To address doubts and concerns raised by the stakeholders, the Board has issued three… Read More »

CBDT notify revised form for Declaration under Income Declaration Scheme

THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 12th August, 2016 S.O. 2705(E).— 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… Read More »

100% entry of IDS Form 1 received in paper format by PCIT/CIT

DIRECTORATE OF INCOME TAX (SYSTEMS) ARA Center, Ground Floor, E-2, Jhandewalan Extension, New Delhi – 110055 F.No. 1/20/CIT(OSD)/efiling/Electronic Verification/2013-14 Dated: 11/07/2016 To The Principal Chief Commissioners of Income-tax/ CCsIT (By Name) The Principal Commissioner of Income-tax/CsIT/CsIT(CO) (By Name) Sir/Madam Subject: Ensuring 100% data entry of IDS Form 1 received in paper format by PCIT/CIT- reg.… Read More »

Income Declaration Scheme: Govt. assures complete confidentiality

Income Declaration Scheme: Government assures complete confidentiality Scheme not be extended beyond September 30 : Revenue Secretary  The Government has assured complete confidentiality to those declaring their income under the Income Declaration Scheme 2016.  Addressing a press conference in Mumbai today, the Revenue Secretary, Government of India Shri Hasmukh Adhia said  “no source will be… Read More »

Income Declaration Scheme 2016 Clarification by CBDT via FAQ

Circular No. 24 of 2016 F.No.142/8/2016-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (TPL Division) Dated 27th of June, 2016 Clarifications on the Income Declaration Scheme, 2016 The Income Declaration Scheme, 2016 (hereinafter referred to as ‘the Scheme’) incorporated as Chapter IX of the Finance Act, 2016 provides… Read More »

ICAI website for help on Income Declaration Scheme 2016

Income Declaration scheme 2016 The Institute of Chartered Accountants of India has started a new website  http://idshelpline.icai.org/ to help on Income Declaration scheme 2016 You can also post your Query on Income Declaration scheme 2016 Related Post Form 1 efiling steps -Income declaration scheme 2016 Form for Declaration under Income Declaration Scheme 2016 Income Declaration Scheme 2016 analysis… Read More »

Corrigendum to Income Tax Notification No. 33/2016

Corrigendum to Income Tax Notification No. 33/2016 MINISTRY OF FINANCE (Department of Revenue) CORRIGENDUM Notification No. 44/2016- Income Tax New Delhi, the 2nd June, 2016 THE INCOME DECLARATION SCHEME, 2016 S.O. 1950(E).—In the notification of the Government of India, Ministry of Finance, Department of Revenue (Central Board of Direct Taxes), number 33/2016, dated the 19th… Read More »

Form for Declaration under Income Declaration Scheme 2016

Form for Declaration under Income Declaration Scheme 2016 Form 1 for  Declaration under Income Declaration Scheme 2016 Note : Form 1 is available for e-Filing. To download Form 1, go to www.incometaxindiaefiling.gov.in Downloads -> Forms (Other than ITR) -> Form1. As per Income Declaration Scheme, 2016, the declaration of undisclosed income is to be filled in… Read More »

Income Declaration 2016 , Declaration & Tax Payment Date Notified

TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (ii)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) New Delhi, the 19th May, 2016 NOTIFICATION 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),… Read More »

FAQ’s on Income Declaration Scheme 2016

Circular No.17 of 2016 F.No.142/8/2016-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (TPL Division) Dated 20th of May, 2016 Clarifications on the Income Declaration Scheme, 2016 The Income Declaration Scheme, 2016 (hereinafter referred to as ‘the Scheme’) incorporated as Chapter IX of the Finance Act, 2016 provides an… Read More »

FAQs relating to The Income Declaration Scheme 2016 uploaded

Frequently Asked Questions (FAQs) relating to ‘The Income Declaration Scheme 2016’ specifying details of the scheme and clarifying eligibility available under the same uploaded on www.incometaxindia.gov.in The Income Declaration Scheme, 2016 incorporated as Chapter IX of the Finance Act, 2016 is to come into force with effect from the 1st of June, 2016. The complete… Read More »

INCOME DECLARATION SCHEME 2016

THE INCOME DECLARATION SCHEME 2016 What is the Chapter of Finance Bill 2016 which cover ” THE INCOME DECLARATION SCHEME 2016 ” ? THE INCOME DECLARATION SCHEME 2016 is covered in Chapter IX of Finance Bill 2016 What is the Scheme Called and what is the date from which it shall come into force ? Section… Read More »