Wealth tax settlement applications require full disclosure of undisclosed wealth, derivation details, computation of additional tax, and annexures. Form DA requires the applicant to disclose identity, PAN, status, jurisdiction, assessment years, proceedings and authorities, and to provide a full and true disclosure of wealth not previously disclosed, the manner of its derivation, and the additional amount of wealth tax payable. The application must be filed in quintuplicate with a prescribed bank challan fee, signed and verified, and accompanied by an Annexure showing net wealth computation and a detailed statement of assets and debts as on the valuation date.
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Wealth tax settlement applications require full disclosure of undisclosed wealth, derivation details, computation of additional tax, and annexures.
Form DA requires the applicant to disclose identity, PAN, status, jurisdiction, assessment years, proceedings and authorities, and to provide a full and true disclosure of wealth not previously disclosed, the manner of its derivation, and the additional amount of wealth tax payable. The application must be filed in quintuplicate with a prescribed bank challan fee, signed and verified, and accompanied by an Annexure showing net wealth computation and a detailed statement of assets and debts as on the valuation date.
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