TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Section 69 of PMLA: Recovery of unpaid fines using Income-tax Act procedures, powers akin to Tax Recovery Officer.</h1> Section 69 of the Prevention of Money-Laundering Act, 2002, addresses the recovery of fines or penalties imposed under sections 13 or 63. If such fines or penalties are not paid within six months of imposition, the Director or an authorized officer can recover the amounts using the same procedures outlined in Schedule II of the Income-tax Act, 1961, for recovering arrears. These officers are granted the same powers as a Tax Recovery Officer for this purpose. This provision was amended by the Prevention of Money-laundering (Amendment) Act, 2012, effective from February 15, 2013.
TaxTMI 
TaxTMI 
