law: Voluntary Disclosure of Income and Wealth Act, 1976
  8.
  
  Voluntarily disclosed income not to be included in the total income.-
  (1)
  
  The amount of the voluntarily disclosed income shall not be included in the
  
  total income of the declarant for any assessment year under the Indian
  
  Income-tax Act, 1922 (11 of 1922) or the Income-tax Act, or the Excess Profits
  
  Tax Act, 1940 (15 of 1940)or the Business Profits Tax Act, 1947(21 of 1947) or
  
  the Super Profits Tax Act, 1963(14 of 1963) or the Companies (Profits) Surtax
  
  Act, 1964 (7 of 1964), if the following conditions are fulfilled, namely:--
  (i) the declarant credits such amount in the books of account, if any,
  
  maintained by him for any source of income or in any other record, and
  
  intimates the credit so made to the Income-tax Officer;
  (ii) the income-tax in respect of the voluntarily disclosed income is
  
  paid by the declarant; and
  (iii) the amount required to be invested in the securities referred to
  
  in sub-section (3) of section 3 is so invested by the declarant.
  (2)
  
  The Commissioner shall, on an application made by the declarant, grant a
  
  certificate to him setting forth the particulars of the voluntarily disclosed
  
  income, the amount of income-tax paid in respect of the same, the amount of
  
  investment made in the securities referred to in sub-section (3) of section 3
  
  and the date of payment and investment.