“Income Tax Informant Reward Scheme,2018” in case of Complainant regarding tax evasion or Undisclosed foreign Income

"Income Tax Informant Reward Scheme,2018" in case of Complainant regarding tax evasion or Undisclosed foreign Income

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“Income Tax Informant Reward Scheme,2018” in case of Complainant regarding tax evasion or Undisclosed foreign Income

 
Salient Feature of the Scheme
A reward up to Rs. Five crore (Rs. 5 crore) can be obtained by giving specific information about evasion of Income Tax on income and assets in India and abroad.
A. Identity of the Informant shall be kept confidential and shall not be disclosed to any person/authority except when requested under any law in force or by an order of any court of law.
b. A person will be considered as an Informant only if he/she has furnished specific information of substantial tax evasion in a written statement in a prescribed form.
c. An Informant shall be given a unique Informant Code and thereafter will always be identified on the basis of that Informant Code.
d. Furnishing false information/evidence is an offence
e. An Indian resident person furnishing an information in any other mode, than in writing, such as through letter, e-mail, CD, WhatsApp, SMS, phone, posting in social networking site or publishing letter in newspaper or any other media, even if it is specific shall not be entitled for reward.
f. The informant may be required to render assistance if requested by the Income Tax Authority in matter of information given by him.
f. The reward to the informant will be based on additional taxes realizable on account undisclosed income detection directly attributable to the specific information furnished by the Informant. It shall be released in two stages. a. Interim b. Final
g. Interim reward will be granted as under:
-In case of undisclosed income/asset liable under the Income Tax Act-1961: within four months of submission of final investigation report by the investigation authority to the Assessing Officer
– In case of undisclosed foreign income/asset liable under Black Money (Undisclosed Foreign Income and Assets. 2015: within four months of completion of the relevant assessment under the Act.
i. The quantum of Interim reward shall be 1% of the additional tax directly attributable to the specific information furnished subject to Rs. 10 lakh and further extendable to Rs. 15 lakh if the specific information is with respect undisclosed cash exceeding Rs. 1 crore (Rs. 50 lakh if it under Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015)
j Final reward will be granted after 12 months from the end of the month in which the assessment has become final (that means no further appeal/revision/rectification are pending) on such undisclosed specific income /assets provided by the informant. It shall be subject to the following ceiling:
– In case of undisclosed income/asset liable under the Income Tax Act-1961: 5% of the additional tax directly attributable to the specific information furnished subject to a ceiling of Rs. 50 lakh (Rs. 100 lakh if such specific information provided includes benami properties).
– In case of undisclosed foreign income/asset liable under Black Money (Undisclosed Foreign Income and Assets. 2015: 10% of the additional tax directly attributable to the specific foreign Income/Asset information furnished subject to a ceiling of Rs. 5 crore.
The steps to be followed by an Indian Resident
a. Appear in person before a Joint Director of Income Tax (Investigation) or Principal Director of Income Tax (investigation) or Director General of Income Tax (Investigation).
[Office address details file is attached]
b. Provide the information in writing in Annexure-A [Produced hereunder]
The steps to be followed by a Foreign Resident
a. Contact in person or by post or by an email communication to the Member (Investigation),CBDT, North Block, New Delhi-110001 and provide the specific information in writing in Annexure-A
b. If communicated through email then it shall be to ‘member.inv@incometax.gov.in‘ with a copy marked to ‘citinv-cbdt@nic.in
ANNEXURE-A
FORM OF STATEMENT FOR FURNISHING INFORMATION BY INFORMANT REGARDING SUBSTANTIAL TAX EVASION TO THE INCOME TAX DEPARTMENT FOR REWARD AS PER INCOME TAX INFORMANTS REWARD SCHEME 2018
1.
Full name of the informant (of each informant separately if there are more
than one informant) (in capital letters)
2.
Father’s name
3.
Date of Birth
4.
Permanent address of the informant(s)
5.
Current address of the Informant(s)(ifdifferent from permanent address)
6.
Contact particulars –
(a)
Landline Telephone No.
(b)
Mobile No.
(c)
Email ID, if any
7.
Aadhaar Number/Passport Number
(foreign persons may mention Passport number if not having Aadhaar number) (attach copy of Aadhaar card or Passport (of each informant separately if there are more than one informant)
8.
Name/names of person/persons/group in respect of whom the information is furnished
(PAN may be mentioned, if known)
9.
Address/Addresses of person/persons/
group in respect of whom the in formation
is furnished
10.
Full particulars of (the information furnished should be specific, reliable and definite. Additional sheet may be attached, if required):
(a)
Nature, source and extent of substantial tax evasion
(b)
Nature, location and estimated value of undisclosed assets
(c)
Modus operandi of tax evasion
(d)
Financial Years to which the tax evasion
relates
11.
Particulars of information/ documents
furnished, if any-
(a)
Inoriginal
(b)
Copy only
12.
Source of information:-
(a)
Whether the information has been acquired personally in the capacity of an employee,relation or partners etc.,oft he person mentioned at Sl. 8 above
(b)
Whether information has been acquired through some other person. If so, his connection with the person at SI. 8 above
13.
Listofdocuments,ifany,furnishedin
support of the information
(a)
In original
(b)
Copy only
14.
Is any of the parties in volved in the alleged tax evasion related to you?If yes, furnish details.
15.
Briefly state (attach evidence,if any,and attach extra sheet, if required):
(a)
How you have come to know about the information;
(b)
Special efforts, if any, made;
(c)
Risks and trouble undertaken
(d)
Expenditure, if any, incurred
16.
Informant Code, if any, allotted earlier
under this or old Scheme
17.
Preferred mode of payment of reward
(Cash/bank transfer)(in case of foreign persons reward willn ot be paid by cash)
18.
Particulars of bank account in which
payment of reward is to be made(account no.,bank name,branch,IFSC code etc. details)
19.
In case of multiple informants, share at
which reward is to be paid
Name of informants
Payable share (%)
DECLARATION:

I/we declare that,

a. I/we have read and understood the Income Tax Informants Reward Scheme, 2018
b. I/we accept that mere furnishing of information by me/us does not by itself confer on me/us right to get reward and that I/we may not get any reward at all. I/we would be bound by the decisions that the authority competent to grant reward may take.
c. I/we accept that the Government is under no obligation to enter into any correspondence regarding the action taken as a result of my/our information. I/we will be entitled to know only feedback and/or update about whether my/our information has been acted upon and, if yes, whether I am/we are likely to get any reward.
d. I/we accept that reward would be an ex-gratia payment which, subject to the scheme, shall be granted at the absolute discretion of the competent authority. The decision of the authority shall be acceptable to me/us and I/we shall not challenge it in any litigation, appeal, adjudication or arbitration.
e. In the event of my death before the reward is paid to me/us, it may be paid to my/our nominee(s) whose particulars (along with share) are as under:-
Name of
Informant
Name(s) and Address(es) of the nominee(s)
Date of birth (incase of minor, nameand address of guardian to be given)
Relationship
with the informant
Share of
the nominee(s)
Aadhaar Card
No./Passport No.(attach copy)
(f) I/we accept that if the information furnished by me/us is found to be false I/we would be liable to prosecution as per law including under section 182 of the Indian Penal Code, 1860.
 
Date:                       Place:              
  Signature of the informant(s):                         
 
Left Thumb impression:              
 
Aadhaar card no. /:              
Passport no. (Attach copy):              
[Note: If the information is given by more than one informant, the particulars of all such informants are to be captured and this declaration is to be signed by all such informants.]
Signature of the JDIT (Inv) before whom the statement is signed
Code No. allotted to the informant
Signature of the authority allotting Informant Code

Name & Designation of the Officer with Seal Date::                    Place:


Office_Address_Details-1
Annexure-A-1

 

The_CBDT_publication_of_Income_Tax_Informants_Reward_Scheme-2018-4-1

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