SECTION 186, READ WITH SECTION 183, OF THE FINANCE ACT, 2016 – INCOME DECLARATION SCHEME, 2016 – MANNER OF DECLARATION – CLARIFICATION ON JURISDICTIONAL PRINCIPAL COMMISSIONER OR COMMISSIONER FOR PURPOSE OF SAID RULES INCOME DECLARATION SCHEME RULES, 2016

CIRCULAR NO.19/2016 [F.NO.187/10/2016.ITA.I], DATED 25-5-2016

Income Declaration Scheme, 2016, introduced vide Finance Act, 2016 (28 of 2016), provides an opportunity to persons who have not paid full taxes in the past to come forward and declare their undisclosed income. Rule 4 of the Income Declaration Scheme Rules, 2016 provides that a declaration of income or income in the form of investment in any asset under section 183 shall be made in the prescribed manner to the Principal Commissioner or the Commissioner who exercises jurisdiction over the declarant.

2. It is, therefore, clarified that the jurisdictional Principal Commissioner or the Commissioner, as the case may be, who exercises jurisdiction under section 120 of the Income-tax Act, 1961, as notified by CBDT from time to time over such declarant, shall be the Principal Commissioner or the Commissioner as referred to in section 186 of the Income Declaration Scheme 2016 to whom declaration under section 183 of that Scheme is to be made.