The Cental Board of Direct Taxes, CBDT has directed the Income Tax department to step up publicity of the ongoing Income Declaration Scheme (IDS) by advertising it at posh markets, clubs and showrooms. <br/><br/>The Board has also said that full privacy of the people desirous of availing the IDS should be ensured so that they can file their declarations in a hassle-free manner. The Board has charted out new guidelines to be followed by the taxman to make the scheme a success.<br/><br/>The developments under the IDS are being monitored at the highest level in the government and hence all steps should be taken to ensure its good publicity. <br/><br/>The four-month window under the Income Declaration Scheme 2016, which opened on 1st of this month, allows domestic black money holders to declare their ill-gotten wealth by paying a tax and penalty totalling 45 per cent.
News On AIR | June 23, 2016 8:42 PM
CBDT directs Income Tax department to step up publicity of ongoing Income Declaration Scheme