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.
As
we all are aware, as soon as this new government has come to the Parliament,
there has been lot of steps taken for disclosure of Black money which has
corrupted the very roots of our Country. Various methods such as Swiss Bank
Name Disclosures, Panama Papers, Black Money Disclosure Scheme etc. had been tried
till date to help curb the Black Money from the economy. But till date most of
the methods have been proved useless as no major Black money has been
disclosed. There are a lot of reasons for the same, which also involves some
genuine reasons, which are READ MORE AT
Varanasi Income Tax Decleration Scheme 2016, Varanasi Black Money Decleration Scheme 2016, How to disclose black money to Income Tax, Varanasi, Forms and process for decleration of Income in Varanasi.