Refund restriction under Income Declaration Scheme: refunds barred unless Central Government notifies eligible classes for repayment. The scheme contains no provision allowing taxpayers to claim refunds of excess payments made towards tax; however, the Central Government may notify ... Summary
Refund restriction under Income Declaration Scheme: refunds barred unless Central Government notifies eligible classes for repayment.
The scheme contains no provision allowing taxpayers to claim refunds of excess payments made towards tax; however, the Central Government may notify classes of persons to whom excess amounts paid towards tax, surcharge and penalty shall be refunded.
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