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IDS counters to stay open till mid-night on Friday

Under the scheme, those with undisclosed assets can escape prosecution by coming clean

Policy Pulse
Publish Date: Sep 27 2016 12:38PM | Updated Date: Sep 27 2016 12:38PM

IDS counters to stay open till mid-night on Friday

 The CBDT has urged  its principal IT commissioners to keep counters open for receiving declarations under the black money compliance window till mid-night on upcoming Friday.

 
Under the Income Disclosure Scheme (IDS), those with undisclosed assets can escape prosecution by coming clean.
 
In order to help declarants who would like to file the declaration in the paper form, CBDT has issued instructions to all principal chief commissioners across India to ensure arrangements are made for receiving such declarations till mid-night of September 30, it said in a statement. 
 
"Accordingly, the counters for receiving declarations under the Income Declaration Scheme - 2016 shall be functional till 12 midnight on September 30, 2016," the Central Board of Direct Taxes (CBDT) said.