Income Tax Informants Reward Scheme

The informant is required to provide specific information about substantial evasion - worth Rs 5 crore and above - of tax on income or assets within the country and abroad that are actionable under tax laws.

After raising the reward for the people informing about the tax evasion, the Income-Tax Department is now being bombarded with calls, couriers and emails by the informants.

Sharing "specific information" with the income tax department about any benami transaction or property could earn you up to Rs one crore, while the same for undisclosed black money stashed abroad could fetch up to Rs 5 crore.

Under the revised scheme, a person can get reward up to Rs 50 lakh for giving specific information about substantial tax evasion within India.

The informant is required to provide specific information about substantial evasion - worth Rs 5 crore and above - of tax on income or assets within the country and abroad that are actionable under tax laws.

After raising the reward for the people informing about the tax evasion, the Income-Tax Department is now being bombarded with calls, couriers and emails by the informants.

Sharing "specific information" with the income tax department about any benami transaction or property could earn you up to Rs one crore, while the same for undisclosed black money stashed abroad could fetch up to Rs 5 crore.

Under the revised scheme, a person can get reward up to Rs 50 lakh for giving specific information about substantial tax evasion within India.