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Non –indexation of assets sold prior to 01-06-2016 in IDS-2016

CBDT issues yet another clarification on the Income Declaration Scheme (‘IDS’), clears air on making declaration with respect to sale made prior to June 1, 2016 of Capital Asset Acquired out of undisclosed income and sale proceeds held in cash. Instances have been brought to the notice of the Board that some taxpayers are of the view that if a capital asset acquired out of undisclosed income is...

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Non –indexation of assets sold prior to 01-06-2016 in IDS-2016

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