Undisclosed income declared not to be included in total income
Section 188 of the Finance Act, 2016 deals with undisclosed income declared not to be included in total income. Undisclosed income declared not to be included in total income. The Act was enacted on 27 Jun 2016.
Undisclosed income declared not to be included in total income.
188. The amount of undisclosed income declared in accordance with section 183 shall not be included in the total income of the declarant for any assessment year under the Income-tax Act, if the declarant makes the payment of tax and surcharge referred to in section 184 and the penalty referred to in section 185, by the date specified under sub-section (1) of section 187.
Section 188, The Finance Act, 2016.
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
Questions about Section 188
What does Section 188 of the Finance Act deal with?
Section 188 of the Finance Act is headed "Undisclosed income declared not to be included in total income". Undisclosed income declared not to be included in total income.
How do I find court cases under Section 188 of the Finance Act?
In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Finance Act 2016 188, section 188 Finance Act 2016, section 188 of the Finance Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
What should I read with Section 188 of the Finance Act, and has it changed?
Its own text turns on section 183 (Declaration of undisclosed income), section 184 (Charge of tax and surcharge), section 185 (Penalty), section 187 (Time for payment of tax), so none of them can safely be read on its own.
When was Section 188 of the Finance Act enacted?
Section 188 of the Finance Act, cited as Finance Act 2016 188, was enacted on 27 Jun 2016. It is in force as at the date shown on this page.
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Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Harvested from the Income Tax Department's own portal at incometaxindia.gov.in, which publishes the Finance Acts section by section. India Code carries none of them: its Central community holds the Acts that stand as general law, and a Finance Act is an amending and rate-fixing instrument. This page is not a substitute for legal advice.