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- What is the time limit for the payment of the interim reward? What is the time limit for the payment of the interim reward?, (2 of 2)
What is the time limit for the payment of the interim reward?
Subject
FAQs on Income tax informants reward scheme, 2018
etds-answer
All reward-granting authorities shall endeavour to pay the interim reward to an informant eligible for such reward within:
- 4 months of completion of the relevant assessments under Section 10(3)/(4) of the Black Money(Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, in cases information of undisclosed foreign income/assets is given;
- 4 months of forwarding of the final investigation report by the Investigation Directorate concerned to the Assessing Officer in cases where information of undisclosed income/assets liable under the Income-tax Act, 1961, is given.
