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Voluntary income disclosure scheme 2016

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Querist : Anonymous

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Querist : Anonymous (Querist)
09 June 2016 I have some gold jewellery worth approx. Rs. 20.00 lac which I had not shown in my IT Return till 31.03.15. Now, whether I should show it in my IT Return of 31.03.16 and pay the prescribed income tax or should I declare the same under Disclosure Scheme ?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
09 June 2016 If the gold jewellery is purchased out of un disclosed income then declare the same under Disclosure scheme.

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