Income Declaration Scheme may get reviewed by Government!

The Comptroller and Auditor�General of India (CAG) may audit the�Income Declaration Scheme that ended on 30th September 2016. �Rs 65,250 crore of undeclared assets were�declared through 64,275 declarations under the scheme.

�

“It can audit the process followed in going about the�scheme as well as how well it did. But no specific information�on the declaration made will either be gone into by the auditor�or shall it be given,”�an official said.�

�

Specific information on declarations will not be shared with anyone including investigating agencies like CBI, he added.

Source:�http://profit.ndtv.com/news/tax/article-governments-auditor-may-review-income-declaration-scheme-not-individual-disclosures-1469099

[text-blocks id=”get-ca-assistance”]