Voluntary income disclosure scheme 2016
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 June 2016
I have some gold jewellery worth approx. Rs. 20.00 lac which I had not shown in my IT Return till 31.03.15. Now, whether I should show it in my IT Return of 31.03.16 and pay the prescribed income tax or should I declare the same under Disclosure Scheme ?
CA R SEETHARAMAN
(Expert)
09 June 2016
If the gold jewellery is purchased out of un disclosed income then declare the same under Disclosure scheme.
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