Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Rules, 2015 - Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Rules, 2015
Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Rules, 2015 - Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Rules, 2015
Notice of demand for undisclosed foreign income and assets: payment required or appeal allowed within specified statutory periods. A notice of demand under the Black Money Rules notifies a taxpayer of a determined payable sum for an assessment year, requires payment to the Manager of ... Summary
Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015
Notice of demand for undisclosed foreign income and assets: payment required or appeal allowed within specified statutory periods.
A notice of demand under the Black Money Rules notifies a taxpayer of a determined payable sum for an assessment year, requires payment to the Manager of an authorised Bank or designated bank within a specified period (which may be shortened with prior approval), warns that non-payment will lead to recovery proceedings under the Act, and specifies appeal routes and time limits: appeal to the Commissioner (Appeals) within thirty days in prescribed Form 2 and, where applicable, appeal to the Appellate Tribunal within sixty days in prescribed Form 3, with stamping and verification requirements.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
Join Channel
TaxTMI 
