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Foreign_Assets_Disclosure_Scheme

Section / Rule Number Content


1.Short title and commencement
2. Definitions
3. Declaration by declarant
4. Amount payable by declarant
5. Manner of making declaration
6. Procedure relating to manner of payment
7. Any income or asset declared not to be included in total income
8. Any income or asset declared not to affect finality of completed assessments
9. Amount paid in pursuance of declaration non-refund
10. Grant of immunity from penalty and prosecution
11. Non-application of Scheme
12. Effect of declaration on pending assessment proceedings
13. Power of Board to issue directions, etc
14. Power to make rules
15. Power to remove difficulties

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