Income tax department problems clarifications in income declaration scheme

​The Income tax department was issued another clarification to avoid lingering doubts in the Income declaration scheme , that permits the people who are not finished their taxes full in the past and to reveal their undisclosed assets and income. This scheme started on 1st June and ended on September 30. Central Board of Direct Taxes issued the clarification for eleven frequently asked questions. The circular provides clarification of issues such as confidential details disclosed in the declaration, the TDS credit over declared income, enquiry related to the source of income and tax payment, starting of enquiry against third parties depends on the details furnished in the declaration. The disclosure contains 30% tax and penalty 15% so totally 45% and the total amount should be paid on November 30. This scheme is available for both residents & non residents and the department said via comprehensive date mining, which has pinpointed information on transactions taken by taxpayers.