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CBDT Directive File no: F No. 225/193/2016/ ITA.II dated 22 July 2016
107. Due date for furnishing returns due on 31 July 2016 extended till 5August 2016 –
F.No. 225/195/2016/ITA.II dated 29 July 2016
108. Income Declaration Scheme (Third Amendment) Rules, 2016 –
Notification No. 74/2016 dated 17 August 2016
IDS Scheme rules has been amended to provide an option to the tax payer to take the stamp duty value as increased by the same proportion as Cost Inflation Index for the year 2016-17 bears to the Cost Inflation Index for the year in which the property was registered or fair market value as on 1.4.1981 whichever is applicable, provided the property declared is evidenced by a registered deed with a competent authority as prescribed.
109. Additional clarifications issued on IDS Scheme –
Circular no. 29/2016 dated 18 August 2016
