Foreign assets disclosure scheme payments are non refundable; amounts paid under declarations cannot be reclaimed or revised. Clause 122 provides that any amount paid under section 119 pursuant to a declaration made under section 118 of the Foreign Assets of Small Taxpayers ... Summary
Foreign assets disclosure scheme payments are non refundable; amounts paid under declarations cannot be reclaimed or revised.
Clause 122 provides that any amount paid under section 119 pursuant to a declaration made under section 118 of the Foreign Assets of Small Taxpayers Disclosure Scheme, 2026 shall be non refundable, creating an absolute bar on refund of sums paid under such declarations.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
Join Channel
TaxTMI 
