Ministry of Finance 

14.05.2016

Direct Taxation

Income Declaration Scheme 2016 to open 1 June 2016

The Income Declaration Scheme 2016 incentivising declaration of black money will commence 1 June 2016.

Monies declared under the scheme will be taxed at a total 45 per cent. The scheme will run till 30 September 2016, and formalities thereunder must be completed latest by 30 November 2016.

Tags : black money income tax window

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