Tax amnesty extension allows payment of outstanding tax and filing of returns in exchange for penalty waivers upon compliance. The Scheme is extended to 18 February 2014 with amendments requiring that where tax deficiency is unrelated to turnover the tax payable equals the deficiency, works contract tax can be calculated by contract or land rate, and declarants who failed to file returns or pay tax for periods ending on or before 31 March 2013 must pay net tax for all default periods and file outstanding returns before declaring. Upon payment of tax with interest and filing of all returns in default, declarants become eligible for immunity from specified penalties; Form DSC-1 is updated to capture required details.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Tax amnesty extension allows payment of outstanding tax and filing of returns in exchange for penalty waivers upon compliance.
The Scheme is extended to 18 February 2014 with amendments requiring that where tax deficiency is unrelated to turnover the tax payable equals the deficiency, works contract tax can be calculated by contract or land rate, and declarants who failed to file returns or pay tax for periods ending on or before 31 March 2013 must pay net tax for all default periods and file outstanding returns before declaring. Upon payment of tax with interest and filing of all returns in default, declarants become eligible for immunity from specified penalties; Form DSC-1 is updated to capture required details.
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