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 Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>CBDT Allows Delay Condonation for Income Declaration Scheme Payments u/s 187(3) Due to Technical Issues.</h1> The Income Declaration Scheme, 2016, faced issues with delayed payments of the first installment of tax, surcharge, and penalty due to technical errors, incorrect challan usage, and bank delays. As per section 187(3) of the Scheme, non-payment by the due date invalidates the declaration, subjecting the assessee to penalties under section 197(b). However, the Central Board of Direct Taxes has allowed jurisdictional Principal Commissioners to condone delays if payments were initiated by November 30, 2016, but credited by December 5, 2016. This directive should be communicated to all relevant officers and stakeholders.
TaxTMI 
TaxTMI 
