Salary & family pension deductions enhanced for new tax regime. Standard deduction up from Rs. 50K to Rs. 75K. Family pension deduction up to Rs. 25K/...
INDIRECT TAX DISPUTE RESOLUTION SCHEME, 2016 - Procedure for making declaration - Clause 211 of the Bill - The declarant shall pay tax due alongwith the interest thereon at the rate as provided in the Act and penalty equivalent to twenty-five per cent. of the penalty imposed in the impugned order, within fifteen days of the receipt of acknowledgement under sub-section (2)
INDIRECT TAX DISPUTE RESOLUTION SCHEME, 2016 - Procedure for making declaration - Clause 211 of the Bill - The declarant shall pay tax due alongwith the interest thereon at the rate as provided in the Act and penalty equivalent to twenty-five per cent. of the penalty imposed in the impugned order, within fifteen days of the receipt of acknowledgement under sub-section (2)
Note: It is a system-generated summary and is for quick reference only.