Question

Write a note on Income Disclosure Scheme *​

Answer 1

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In the year Budget 2016-17, there had been a limited proposal to gather tax through Tax Compliance Window for domestic taxpayers, so that they can disclose any undeclared income of previous years. The provision known as the IDS is now a part Finance Bill, 2016.

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Answer 2

Answer:

In the year Budget 2016-17, there had been a limited proposal to gather tax through Tax Compliance Window for domestic taxpayers, so that they can disclose any undeclared income of previous years. The provision known as the IDS is now a part Finance Bill, 2016

Explanation:

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