Abhishek Roy Choudhury (B.Com) (342 Points)
29 November 2016Dear Sir,
An assesse can disclose his/her undisclosed income in this scheme but how to disclose his undisclosed income in this scheme i.e. whether there is any online form to file this type of Return or in any other way. Please help me to know about the matter.
Thanks,
Abhishek.
Regit
(CA.Final)
(320 Points)
Replied 30 November 2016
Abhishek Roy Choudhury
(B.Com)
(342 Points)
Replied 03 December 2016
Dear Sir,
I want to know whether any Return has been released to file.
Thanks,
Abhishek.
Manjunath
(Article trainee)
(32 Points)
Replied 03 December 2016
Go through IDS Scheme Website .U have to Fill IDS Form 1.
saurabh kumar
(Tax Consultant)
(348 Points)
Replied 03 December 2016
No form has been prescribed till now however it will be notified on the income tax website soon.Along with the declaration form proof of tax payment
@ Tax @ 30% of income declared ,Surcharge @ 33% of tax,Penalty @ 10% of income declared
(total 49.9% )
and proof of deposit of 25% of such declared income to interest free deposit scheme will have to be submitted.
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