One Time Settlement Scheme waives interest and penalty on old tax dues upon full principal payment. Approval was granted to implement the One Time Settlement Scheme, 2023-24 in Uttarakhand for waiver of interest and penalty on old outstanding dues. The scheme applies to dues created up to 31 March 2023 under the specified tax enactments and operates from 1 July 2023 to 30 September 2023, with power to extend it for a further three months. Full waiver is available only on deposit of the entire principal outstanding amount, irrespective of the amount involved.