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Last Chance To Disclose Your Undeclared Income: Five Things To Know
There will no enquiry against those declaring income under the scheme The details of the tax payer will not be shared with any other authority Taxpayer will have to pay a penalty of 45 per cent under the scheme
10 Jul 2016, 02:37 PM IST 
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Income Declaration Scheme (IDS), 2016, is a one-time window of opportunity for income tax assessees to declare any unaccounted income from the past. It will close on September 30, 2016. Tax experts say that people should make use of this opportunity.
Here are five things to know about this special scheme:
1) There will be no enquiry, prosecution against the person who uses this window to declare undisclosed income. The scheme also ...
