Income Disclosure Scheme – Effective Tax Rate is 45% only (not 31%)

Income Disclosure Scheme – Effective Tax Rate is 45% only (not 31%) Effective Tax Rate is 45% only (not 31%) under Income Disclosure Scheme 2016 CBDT has clarified in Q No. 6 of Circular 27 of 2016 dated 14th July 2016 that the tax rate will be 45% only and tax has to be paid […]