Income Declaration Scheme, 2016

Govt. extends time-limit for making tax payments under IDS till 31st January, 2020.

CBDT notifies 31st Jan 2020 as the Last date for payment of pending amount under Income Declaration Scheme (IDS) 2016. Govt. notifies that persons who have made declaration under the Income Declaration Scheme, 2016, but have not made payment of tax, surcharge, penalty payable there under on or before the due dates, may now make the payments on or before the 31st January, 2020, along with interest at the rate of 1% p.m; States that this notification shall be deemed to have come into force with effect from the 1st June, 2016.

It is hereby certified that no person is being adversely affected by giving retrospective effect to this notification.

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