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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Tax Amnesty Deadline Extended: Disclose Income by September 30, 1986, for Penalty Immunity.</h1> The circular clarifies the extension of the 'amnesty' period for taxpayers to disclose previously concealed income or wealth for the assessment year 1986-87 or earlier. Initially set to expire on March 31, 1986, the deadline is now extended to September 30, 1986, due to requests and disruptions caused by holidays and curfews. Taxpayers disclosing true income and wealth for 1986-87 and paying due taxes promptly will receive immunity from penalties and prosecution, provided returns are filed by the due date. Late filings will not qualify for immunity from penalties.
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