CBDT has amended Income Declaration Scheme Rules, 2016  to amended form 1 related to deceleration of undisclosed Income and incorporated option to file Revised Return under the scheme. In case of revised return the declerant has to mention  Receipt No. and Date of filing original Form-1 and Reason for Filing Revised Form 1.


(Department Of Revenue)



New Delhi, the 20th July, 2016

S.O. 2477(E).– In exercise of the powers conferred by sub-section (1) and sub-section (2) of section 199 of the Finance Act, 2016 (28 of 2016), the Central Board of Direct Taxes, makes the following rules further to amend the Income Declaration Scheme Rules, 2016 (hereinafter referred to as the principal rules) namely:-

1. (1) These rules may be called the Income Declaration Scheme, (Amendment) Rules, 2016.

(2) These rules shall come into force from the date of their publication in the Official Gazette.

2. In the principal rules, in Form-1, for serial numbers 1 and 2 and entries relating thereto the following serial numbers and entries shall be substituted, namely:-

“1. Name and address of the declarant

(a) Name            _____________

(b) Address: Office ____________________________________________________________


E-mail _____________Telephone No _____________

Residence ____________________________________________________________


Mobile No. _____________ Telephone No _____________

2.  Filing status

(a) Whether the declaration                       ___is original                     ___or revised

(b) If revised-

(i) Enter receipt No. and Date of filing original Form-1           _____________     /     /


(ii) Reasons for revised declaration                               _____________

(not exceeding 100 words)”.


Dr. T.S. MAPWAL, Under Secy.

Note:- The principal rules were published vide notification number S.O.1831(E), dated the 19th May, 2016.

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Category : Income Tax (27621)
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