Everything You Need
to Know about
The Income Tax
Declaration Scheme, 2016
The
Income Tax Declaration Scheme, as the name suggest is disclosure of Income
which has escaped assessment under Income Tax Laws. The Scheme defines the
criteria of Income to be termed as Undisclosed, manner of its disclosure and
Tax thereon. Before we start detailed analysis of the scheme it is important to
know the reasons for bringing such a scheme for the citizens of India.