Question

In voluntary disclosure of income do we need to quote source

Answer 1

The Voluntary disclosure of Income Scheme or VDIS, which gives tax payers a four-month window starting June 2016 to declare their unreported income, is aimed at recovering black money from the domestic market.

Answer 2

Explanation:

Some of the causes of tax evasion, among others are: The very structure of the countries' tax system. Anarchic distribution of powers among the different government levels, especially in federal countries. ... Lack of simplicity and accuracy of the tax legislation.

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