Income Declaration & Direct Tax Dispute Resolution Scheme 2016
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
PRESS RELEASE
New Delhi, 12th May, 2016
Subject: The Income Declaration Scheme 2016 & The Direct Tax Dispute Resolution Scheme 2016.
The Income Declaration Scheme, 2016 incorporated as Chapter IX of the Finance Bill 2016 and The Direct Tax Dispute Resolution Scheme 2016 incorporated as Chapter X of the Finance Bill 2016 are expected to come into force on the 1st of June, 2016 after the Finance Act 2016 receives the Presidential assent.
The complete text of the two Schemes is available on the website of the Ministry of Finance as part of the Finance Bill 2016. The stake holders and general public are requested to bring out issues/points which in their opinion would require further clarification/guidance. These issues/points may be submitted by 25th May, 2016 at the email address media.cbdt@gmail.com or by post at the following address:
Commissioner of Income Tax
Media & Technical Policy
Official Spokesperson
Central Board of Direct Taxes
Room No.151,
North Block,
New Delhi-110001.
The envelopes should be marked with “The Income Declaration Scheme 2016” or “The Direct Tax Dispute Resolution Scheme 2016”.
(Meenakshi J Goswami)
Commissioner of Income Tax
(Media and Technical Policy)
Official Spokesperson, CBDT.
Relying upon investigation report without own reasons recorded amounted to borrowed satisfaction u/s 148 which is not permissible In a…
AO taking cognizance of belated return ought to have issued the mandatory notice under section 143(2) of the Act -…
When assessee failed to explain source of purchases expenditure, estimating profit rate was contrary to provision of Section 69C which…
Income Tax Department not trusted even upon its lawyers – SC slams ITD on adopting a long process resulting delay…
When goods are loaded in two trucks with one e-way bill specifically mentioning both truck numbers, no intention to evade…
GOI makes four new Labour Codes effective from 21st November 2025 Government of India has announced that the four Labour…