Voluntary disclosure immunity available where unpaid tax or wealth tax is regularised with prescribed interest and required investments. Amendments create alternative compliance routes under sections 14 and 15 allowing declarants to obtain immunity by paying unpaid tax or wealth tax and specified simple interest, and by investing required sums in designated securities where applicable, before the prescribed cut off date; Income tax and Wealth tax Acts and their rules apply to the interest as if payable under the corresponding interest provisions of those Acts.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Voluntary disclosure immunity available where unpaid tax or wealth tax is regularised with prescribed interest and required investments.
Amendments create alternative compliance routes under sections 14 and 15 allowing declarants to obtain immunity by paying unpaid tax or wealth tax and specified simple interest, and by investing required sums in designated securities where applicable, before the prescribed cut off date; Income tax and Wealth tax Acts and their rules apply to the interest as if payable under the corresponding interest provisions of those Acts.
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