Is it necessary to file a valuation report of an undisclosed income represented in the form of investment in asset along with the declaration under the Scheme?
​​​It is not mandatory to file the valuation report of the undisclosed income represented in the form of investment in asset along with the declaration. However, the declarant should have the valuation report. While e-filing the declaration on the departmental website a facility for uploading the documents will be available.

​How a person can claim refund of excess amount deposited towards payment of tax on declared income?

There is no provisions to claim refund of excess tax payment made under this scheme. However, the Central Government shall notify the class of persons to whom the excess amount paid towards the tax, surcharge and penalty shall be refunded. [Inserted by the Finance (no. 2) Act, 2019 w.e.f., 01-06-2016]