Form 5 - Order for full and final settlement of tax arrear under section 204(2) read with section 205 of the Finance Act, 2016 in respect of the Direct Tax Dispute Resolution Scheme, 2016
Direct Tax Dispute Resolution Scheme Rules, 2016
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Full and final settlement of tax arrears under the scheme formalises final discharge via a prescribed order and form. Order for full and final settlement of tax arrear under the scheme provides a statutory mechanism for final discharge of disputed direct tax liabilities ... Summary
Full and final settlement of tax arrears under the scheme formalises final discharge via a prescribed order and form.
Order for full and final settlement of tax arrear under the scheme provides a statutory mechanism for final discharge of disputed direct tax liabilities by issuance of a prescribed Form 5 order under rule 6, implementing the Finance Act, 2016 provisions and recording the compounding or settlement terms that give legal effect to resolution of outstanding tax arrears.
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