Showing posts with label Black Money. Show all posts
Showing posts with label Black Money. Show all posts

Thursday, June 2, 2016

Everything You Need to Know about The Income Tax Declaration Scheme, 2016



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.