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.
MINISTRY OF FINANCE
(Department Of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION No. 60/2016- INCOME TAX
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 declarantOnline GST Certification Course by TaxGuru & MSME- Click here to Join
(a) Name _____________
(b) Address: Office ____________________________________________________________
E-mail _____________Telephone No _____________
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.