{"id":3262,"date":"2016-07-18T10:58:37","date_gmt":"2016-07-18T05:28:37","guid":{"rendered":"https:\/\/taxclick.org\/?p=3262"},"modified":"2016-07-18T10:58:37","modified_gmt":"2016-07-18T05:28:37","slug":"revised-time-schedule-making-payments-income-declaration-scheme-2016","status":"publish","type":"post","link":"https:\/\/taxclick.org\/type\/income-tax\/revised-time-schedule-making-payments-income-declaration-scheme-2016\/","title":{"rendered":"The revised the time schedule for making payments under the Income Declaration Scheme 2016"},"content":{"rendered":"<p style=\"text-align: center;\"><strong>Government of India <\/strong><\/p>\n<p style=\"text-align: center;\"><strong>Ministry of Finance<\/strong><\/p>\n<p style=\"text-align: center;\"><strong>\u00a0Department of Revenue <\/strong><\/p>\n<p style=\"text-align: center;\"><strong>Central Board of Direct Taxes <\/strong><\/p>\n<p style=\"text-align: right;\"><strong>New Delhi, 14th July, 2016 <\/strong><\/p>\n<p style=\"text-align: center;\"><strong><u>PRESS RELEASE <\/u><\/strong><\/p>\n<p style=\"text-align: justify;\"><strong>Sub : The Income Declaration Scheme 2016 &#8211; Relaxation of time schedule for making payments under the Scheme <\/strong><\/p>\n<p style=\"text-align: justify;\">During the course of meetings and seminars held in different parts of the country, various stakeholders have expressed concern that the time period available under the Scheme up to 30th November, 2016 for making payment of tax, surcharge and penalty is very short, especially where funds in liquid form are not readily available with the declarants. It has also been mentioned that for making payment by 30.11.2016, the declarants may have to opt for distress sale of the assets.<\/p>\n<p style=\"text-align: justify;\">Taking into consideration the practical difficulties of the stakeholders, the Government has decided to revise the time schedule for making payments under the Scheme as under:<\/p>\n<ul style=\"text-align: justify;\">\n<li>a minimum amount of 25% of the tax, surcharge and penalty to be paid by 30.11.2016;<\/li>\n<li>a further amount of 25% of the tax, surcharge and penalty to be paid by 31.3.2017; and<\/li>\n<li>the balance amount to be paid on or before 30.9.2017.<\/li>\n<\/ul>\n<p style=\"text-align: justify;\">A Notification to this effect shall be issued shortly.<\/p>\n<p style=\"text-align: right;\"><strong>(Meenakshi J Goswami) <\/strong><\/p>\n<p style=\"text-align: right;\"><strong>Commissioner of Income Tax<\/strong><\/p>\n<p style=\"text-align: right;\"><strong>(Media and Technical Policy) <\/strong><\/p>\n<p style=\"text-align: right;\"><strong>Official Spokesperson, CBDT.<\/strong><\/p>\n<p style=\"text-align: left;\"><a href=\"https:\/\/taxclick.org\/wp-content\/uploads\/2016\/07\/14-07-2017-Press-release_IDS.pdf\" target=\"_blank\" rel=\"\">Download Original Press Release<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Government of India Ministry of Finance \u00a0Department of Revenue Central Board of Direct Taxes New Delhi, 14th July, 2016 PRESS RELEASE Sub : The Income Declaration Scheme 2016 &#8211; Relaxation of time schedule for making payments under the Scheme During the course of meetings and seminars held in different parts of the country, various stakeholders &#8230; <a title=\"The revised the time schedule for making payments under the Income Declaration Scheme 2016\" class=\"read-more\" href=\"https:\/\/taxclick.org\/type\/income-tax\/revised-time-schedule-making-payments-income-declaration-scheme-2016\/\" aria-label=\"More on The revised the time schedule for making payments under the Income Declaration Scheme 2016\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[4],"tags":[432],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The revised the time schedule for making payments under the Income Declaration Scheme 2016 - All About Finance<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/taxclick.org\/type\/income-tax\/revised-time-schedule-making-payments-income-declaration-scheme-2016\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The revised the time schedule for making payments under the Income Declaration Scheme 2016 - All About Finance\" \/>\n<meta property=\"og:description\" content=\"Government of India Ministry of Finance \u00a0Department of Revenue Central Board of Direct Taxes New Delhi, 14th July, 2016 PRESS RELEASE Sub : The Income Declaration Scheme 2016 &#8211; Relaxation of time schedule for making payments under the Scheme During the course of meetings and seminars held in different parts of the country, various stakeholders ... Read more\" \/>\n<meta property=\"og:url\" content=\"https:\/\/taxclick.org\/type\/income-tax\/revised-time-schedule-making-payments-income-declaration-scheme-2016\/\" \/>\n<meta property=\"og:site_name\" content=\"All About Finance\" \/>\n<meta property=\"article:published_time\" content=\"2016-07-18T05:28:37+00:00\" \/>\n<meta name=\"author\" content=\"Taxclick Team\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Taxclick Team\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/taxclick.org\/type\/income-tax\/revised-time-schedule-making-payments-income-declaration-scheme-2016\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/taxclick.org\/type\/income-tax\/revised-time-schedule-making-payments-income-declaration-scheme-2016\/\"},\"author\":{\"name\":\"Taxclick Team\",\"@id\":\"https:\/\/taxclick.org\/#\/schema\/person\/001610fef58d5ab169d94a2403c6a227\"},\"headline\":\"The revised the time schedule for making payments under the Income Declaration Scheme 2016\",\"datePublished\":\"2016-07-18T05:28:37+00:00\",\"dateModified\":\"2016-07-18T05:28:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/taxclick.org\/type\/income-tax\/revised-time-schedule-making-payments-income-declaration-scheme-2016\/\"},\"wordCount\":217,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/taxclick.org\/#organization\"},\"keywords\":[\"IDS\"],\"articleSection\":[\"Income Tax\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/taxclick.org\/type\/income-tax\/revised-time-schedule-making-payments-income-declaration-scheme-2016\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/taxclick.org\/type\/income-tax\/revised-time-schedule-making-payments-income-declaration-scheme-2016\/\",\"url\":\"https:\/\/taxclick.org\/type\/income-tax\/revised-time-schedule-making-payments-income-declaration-scheme-2016\/\",\"name\":\"The revised the time schedule for making payments under the Income Declaration Scheme 2016 - All About Finance\",\"isPartOf\":{\"@id\":\"https:\/\/taxclick.org\/#website\"},\"datePublished\":\"2016-07-18T05:28:37+00:00\",\"dateModified\":\"2016-07-18T05:28:37+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/taxclick.org\/type\/income-tax\/revised-time-schedule-making-payments-income-declaration-scheme-2016\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/taxclick.org\/type\/income-tax\/revised-time-schedule-making-payments-income-declaration-scheme-2016\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/taxclick.org\/type\/income-tax\/revised-time-schedule-making-payments-income-declaration-scheme-2016\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/taxclick.org\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"The revised the time schedule for making payments under the Income Declaration Scheme 2016\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/taxclick.org\/#website\",\"url\":\"https:\/\/taxclick.org\/\",\"name\":\"All About Finance\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/taxclick.org\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/taxclick.org\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/taxclick.org\/#organization\",\"name\":\"All About Finance\",\"url\":\"https:\/\/taxclick.org\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/taxclick.org\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/taxclick.org\/wp-content\/uploads\/2016\/01\/taxclick-logo.png\",\"contentUrl\":\"https:\/\/taxclick.org\/wp-content\/uploads\/2016\/01\/taxclick-logo.png\",\"width\":235,\"height\":68,\"caption\":\"All About Finance\"},\"image\":{\"@id\":\"https:\/\/taxclick.org\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/taxclick.org\/#\/schema\/person\/001610fef58d5ab169d94a2403c6a227\",\"name\":\"Taxclick Team\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/taxclick.org\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/e6fa54245d717c2dfae29cb1bb4ee5d9?s=96&d=ANSPRESS_AVATAR_SRC&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/e6fa54245d717c2dfae29cb1bb4ee5d9?s=96&d=ANSPRESS_AVATAR_SRC&r=g\",\"caption\":\"Taxclick Team\"},\"description\":\"This is the team of the finance profession who, update the site on daily basis. The team is also responsible for giving the update as earliest and also give the timely reply to the quires asked by the visitors. The team can be reached at info@taxclick.org.\",\"url\":\"https:\/\/taxclick.org\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"The revised the time schedule for making payments under the Income Declaration Scheme 2016 - All About Finance","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/taxclick.org\/type\/income-tax\/revised-time-schedule-making-payments-income-declaration-scheme-2016\/","og_locale":"en_US","og_type":"article","og_title":"The revised the time schedule for making payments under the Income Declaration Scheme 2016 - All About Finance","og_description":"Government of India Ministry of Finance \u00a0Department of Revenue Central Board of Direct Taxes New Delhi, 14th July, 2016 PRESS RELEASE Sub : The Income Declaration Scheme 2016 &#8211; Relaxation of time schedule for making payments under the Scheme During the course of meetings and seminars held in different parts of the country, various stakeholders ... Read more","og_url":"https:\/\/taxclick.org\/type\/income-tax\/revised-time-schedule-making-payments-income-declaration-scheme-2016\/","og_site_name":"All About Finance","article_published_time":"2016-07-18T05:28:37+00:00","author":"Taxclick Team","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Taxclick Team","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/taxclick.org\/type\/income-tax\/revised-time-schedule-making-payments-income-declaration-scheme-2016\/#article","isPartOf":{"@id":"https:\/\/taxclick.org\/type\/income-tax\/revised-time-schedule-making-payments-income-declaration-scheme-2016\/"},"author":{"name":"Taxclick Team","@id":"https:\/\/taxclick.org\/#\/schema\/person\/001610fef58d5ab169d94a2403c6a227"},"headline":"The revised the time schedule for making payments under the Income Declaration Scheme 2016","datePublished":"2016-07-18T05:28:37+00:00","dateModified":"2016-07-18T05:28:37+00:00","mainEntityOfPage":{"@id":"https:\/\/taxclick.org\/type\/income-tax\/revised-time-schedule-making-payments-income-declaration-scheme-2016\/"},"wordCount":217,"commentCount":0,"publisher":{"@id":"https:\/\/taxclick.org\/#organization"},"keywords":["IDS"],"articleSection":["Income Tax"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/taxclick.org\/type\/income-tax\/revised-time-schedule-making-payments-income-declaration-scheme-2016\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/taxclick.org\/type\/income-tax\/revised-time-schedule-making-payments-income-declaration-scheme-2016\/","url":"https:\/\/taxclick.org\/type\/income-tax\/revised-time-schedule-making-payments-income-declaration-scheme-2016\/","name":"The revised the time schedule for making payments under the Income Declaration Scheme 2016 - All About Finance","isPartOf":{"@id":"https:\/\/taxclick.org\/#website"},"datePublished":"2016-07-18T05:28:37+00:00","dateModified":"2016-07-18T05:28:37+00:00","breadcrumb":{"@id":"https:\/\/taxclick.org\/type\/income-tax\/revised-time-schedule-making-payments-income-declaration-scheme-2016\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/taxclick.org\/type\/income-tax\/revised-time-schedule-making-payments-income-declaration-scheme-2016\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/taxclick.org\/type\/income-tax\/revised-time-schedule-making-payments-income-declaration-scheme-2016\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/taxclick.org\/"},{"@type":"ListItem","position":2,"name":"The revised the time schedule for making payments under the Income Declaration Scheme 2016"}]},{"@type":"WebSite","@id":"https:\/\/taxclick.org\/#website","url":"https:\/\/taxclick.org\/","name":"All About Finance","description":"","publisher":{"@id":"https:\/\/taxclick.org\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/taxclick.org\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/taxclick.org\/#organization","name":"All About Finance","url":"https:\/\/taxclick.org\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/taxclick.org\/#\/schema\/logo\/image\/","url":"https:\/\/taxclick.org\/wp-content\/uploads\/2016\/01\/taxclick-logo.png","contentUrl":"https:\/\/taxclick.org\/wp-content\/uploads\/2016\/01\/taxclick-logo.png","width":235,"height":68,"caption":"All About Finance"},"image":{"@id":"https:\/\/taxclick.org\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/taxclick.org\/#\/schema\/person\/001610fef58d5ab169d94a2403c6a227","name":"Taxclick Team","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/taxclick.org\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/e6fa54245d717c2dfae29cb1bb4ee5d9?s=96&d=ANSPRESS_AVATAR_SRC&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/e6fa54245d717c2dfae29cb1bb4ee5d9?s=96&d=ANSPRESS_AVATAR_SRC&r=g","caption":"Taxclick Team"},"description":"This is the team of the finance profession who, update the site on daily basis. The team is also responsible for giving the update as earliest and also give the timely reply to the quires asked by the visitors. The team can be reached at info@taxclick.org.","url":"https:\/\/taxclick.org\/author\/admin\/"}]}},"uagb_featured_image_src":{"full":false,"thumbnail":false,"medium":false,"medium_large":false,"large":false,"1536x1536":false,"2048x2048":false,"yarpp-thumbnail":false},"uagb_author_info":{"display_name":"Taxclick Team","author_link":"https:\/\/taxclick.org\/author\/admin\/"},"uagb_comment_info":0,"uagb_excerpt":"Government of India Ministry of Finance \u00a0Department of Revenue Central Board of Direct Taxes New Delhi, 14th July, 2016 PRESS RELEASE Sub : The Income Declaration Scheme 2016 &#8211; Relaxation of time schedule for making payments under the Scheme During the course of meetings and seminars held in different parts of the country, various stakeholders&hellip;","_links":{"self":[{"href":"https:\/\/taxclick.org\/wp-json\/wp\/v2\/posts\/3262"}],"collection":[{"href":"https:\/\/taxclick.org\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/taxclick.org\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/taxclick.org\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/taxclick.org\/wp-json\/wp\/v2\/comments?post=3262"}],"version-history":[{"count":0,"href":"https:\/\/taxclick.org\/wp-json\/wp\/v2\/posts\/3262\/revisions"}],"wp:attachment":[{"href":"https:\/\/taxclick.org\/wp-json\/wp\/v2\/media?parent=3262"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/taxclick.org\/wp-json\/wp\/v2\/categories?post=3262"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/taxclick.org\/wp-json\/wp\/v2\/tags?post=3262"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}