Deposit of undisclosed income
Section 199F of the Finance Act, 2016 deals with deposit of undisclosed income. Deposit of undisclosed income. 199F. (1) Notwithstanding anything contained in the Income-tax Act or in any other law for the time being in force, the person making a declaration under sub-section (1) of section 199C, shall deposit an amount which shall not be less than twenty-five per cent of the u The Act was enacted on 27 Jun 2016.
Deposit of undisclosed income.
199F. (1) Notwithstanding anything contained in the Income-tax Act or in any other law for the time being in force, the person making a declaration under sub-section (1) of section 199C, shall deposit an amount which shall not be less than twenty-five per cent of the undisclosed income in the Pradhan Mantri Garib Kalyan Deposit Scheme, 2016.
(2) The deposit shall bear no interest and the amount deposited shall be allowed to be withdrawn after four years from the date of deposit and shall also fulfil such other conditions as may be specified in the Pradhan Mantri Garib Kalyan Deposit Scheme, 2016.
Section 199F, The Finance Act, 2016.
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
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Questions about Section 199F
What does Section 199F of the Finance Act deal with?
Section 199F of the Finance Act is headed "Deposit of undisclosed income". Deposit of undisclosed income. 199F. (1) Notwithstanding anything contained in the Income-tax Act or in any other law for the time being in force, the person making a declaration under sub-section (1) of section 199C, shall deposit an amount which shall not be less than twenty-five per cent of the u
How do I find court cases under Section 199F 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 199F, section 199F Finance Act 2016, section 199F 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 199F of the Finance Act, and has it changed?
Its own text turns on section 199C (Declaration of undisclosed income), so none of them can safely be read on its own. 2 other provisions in this corpus refer back to it.
When was Section 199F of the Finance Act enacted?
Section 199F of the Finance Act, cited as Finance Act 2016 199F, was enacted on 27 Jun 2016. It is in force as at the date shown on this page.
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