Taxpayers response to Income Declaration Scheme 2016 growing steadily: CBDT

CBDT clarifies that Taxpayers response to Income Declaration Scheme (IDS) 2016 is growing steadily

It has come to the notice of the CBDT that certain sections of the press have been speculating on the taxpayers’ response to the currently on-going Income Disclosure Scheme (IDS) 2016 over the last couple of days, which is not based on any statements/ facts issued by the Income Tax Department/ CBDT.

Income Tax Department has since the commencement of the scheme, set to rest, various concerns of the taxpayers through public meetings and through the issue of FAQs over the last few months. The benefits of the scheme have also been publicised through print and electronic media, in both national and regional languages.

As per CBDT, the Income Declaration Scheme (IDS) 2016 has generated a good interest and the response of the taxpayers has been steadily growing. The last few days remaining for filing of declarations are expected to give good results.

The CBDT has so far refrained from issuing any statement regarding number of declarations received, amounts declared or taxes paid under the Scheme in order to ensure complete confidentiality. The confidential handling of declarations made under the Scheme is of utmost importance to the Income Tax Department. Also the CBDT is aware of its responsibility towards fulfilling this crucial role.

Accordingly, the CBDT has asserted that a formal and confirmed press release on the above aspects will be issued after the Scheme closes on 30th September, 2016.

CBDT Press Release dt. 15 Sept. 2016

Leave a Reply