Income Declaration Scheme 2016 to open 1 June 2016- (Ministry of Finance ) (14 May 2016)
Direct Taxation
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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