The Income Declaration Scheme 2016-Important Dates for Compliances
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
New Delhi, the 19th May, 2016
NOTIFICATION No. 32/2016
S.O. 1830(E)– In exercise of the powers conferred by section 183, section 187 and section 190 of the Finance Act, 2016 (28 of 2016), the Central Government hereby appoints –
(i) the 30th day of September, 2016 as the date on or before which a person may make a declaration under sub-section (1) of section 183;
(ii) the 30th day of November, 2016 as the date on or before which the tax and surcharge is payable under section 184, and the penalty is payable under section 185 in respect of the undisclosed income;
(iii) the 30th day of September, 2017 as the date on or before which the benamidar shall transfer to the declarant, being the person who provides the consideration for such asset, or his legal representative.
[Notification No. 32/2016, F.No.142/8/2016-TPL
(Ekta Jain)
Deputy Secretary to the Government of India
