May 12, 2026
Submitted By: Shristi Rajput
Circular No 27/2016 Clarification on income decleartion scheme
Circular No. 27/2016 dated 14 July 2016 provided clarifications on the Income Declaration Scheme (IDS), 2016. It clarified issues like revision of declarations, tax treatment of undisclosed income/assets, and payment of tax, surcharge, and penalty under the scheme.
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