sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
Direct Tax »
 5 common mistakes to avoid when making tax-saving investments
 The impact & significance of tax changes
 Auction for Sale (Re-issue) of Government Stock (GS) February 15, 2019
 How to use it to pay tax online to avoid query from I-T Department
 Income Tax Return (ITR) filing: This much TDS you pay on income from Post office savings, PPF, Sukanya Samridhi, Kisan Vikas Patra saving account; but there's a catch
 How scrapping of tax on notional rent on second house will affect individual taxpayers
 Panel drafting direct tax law seeks 30-day extension
 Filled ITR but not submitted it till July 31? You'll have to re-fill using updated forms
 No tax refunds yet for 2018 returns
 Here's how your expenditure on education can fetch you tax benefit
 Govt likely to come up with fresh notification on angel tax in a week

IDS: I-T Dept not to share details
September, 22nd 2016

With just nine days to go before the closure of the compliance window under the Income Tax Declaration Scheme (IDS), 2016 (the scheme), the Income Tax Department has reiterated that information contained in a valid declaration will be confidential and shall not be shared.

The scheme is open for declarations up to September 30, 2016. Those declaring unaccounted wealth will have to pay 45% tax plus penalty.

It also stated that in respect of declarations filed with the Commissioner of Income Tax, Centralised Processing Centre (CPC), Bengaluru, the declaration shall not be shared even with the jurisdictional Principal Commissioner and payments made under the scheme shall not be visible to the jurisdictional officers.

The Central Board of Direct Taxes (CBDT) said the declaration filed with jurisdictional Principal Commissioner shall not be shared with any authority within or outside the department including the jurisdictional assessing officer.

Further, the payments under the scheme shall neither be reflected in 26AS statement nor can be viewed by the assessing officer in the online tax accounting system (OLTAS) of the department in the interest of confidentiality.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2019 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Mission

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions