Income disclosure scheme 2016

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Which challan can be used to pay tax on undisclosed income under income disclousre scheme 2016 ?

is there any minimum amount for disclosure of income under this scheme ?

Replies (6)
Dear Rajani,

You can use challan No. INTS 284 to pay Foreign Undisclosed income and Assets Challan.

There is No minimum amount disclosure stipulation.
As per Income Declaration Scheme, 2016, the declaration of undisclosed income is to be filed using Form for Income Disclosure - Form 1. . ::: You can get that form here https://www.incometaxindia.gov.in/Documents/notification33_2016.pdf::::::::::::: No such minimum tax payment requirement under the Scheme.

Which challan can be used to pay tax on undisclosed income(Indian assets and income )  ?
is there any clarification issued on this behelf?

Refer to my answer. If you want more information ask here.

whether tax can be paid before the declaration of income under IDS 2016?

INCOME DECLARATION SCHEME, 2016 CHALLAN CHALLAN NO./ ITNS 286 OTHER TAXES ON INCOME AND EXPENDITURE (0028) PAYMENT UNDER INCOME DECLARATION SCHEME, 2016 (111).

You can use above refered chalan to make payment and yes you can make the payment before filing form no. 1 amd can state the details of payment made in that form itself.

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