Income Declaration Scheme 2016 for domestic black money open from 01/06/2016. Tax Rate is 30% + Krishi Kalyan Cess 25% + Penalty 25% = Total 45%
May 16, 2016
Black Money
The Income Declaration Scheme 2016 for domestic black money to open from 1st June 2016. Ministry of Finance-Press Release dated 14/05/2016 The Income Declaration Scheme, 2016 incorporated as Chapter IX of the Finance Act 2016 provides an opportunity to all persons who have not declared income correctly in …