https://www.taxtmi.com/article/detailed?id=7077 Acceptance of old demonetised notes for payment of government fees, charges, taxes and penalties should be extended because the present acceptance window is too short for taxpayers to determine liabilities, arrange funds and address disputed demands; extending the period to match the exchange/deposit timeframe would facilitate orderly compliance and likely increase immediate revenue collections. The author also recommends permitting legitimate holders to regularise such notes by paying tax under section 115BBE with assurances against harassment, subject to eligibility limited to those without illicit-business or criminal records. en-us Fri, 11 Nov 2016 11:12:56 +0530 Fri, 11 Nov 2016 11:12:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7077 Acceptance of old demonetised notes for payment of government fees, charges, taxes and penalties should be extended because the present acceptance window is too short for taxpayers to determine liabilities, arrange funds and address disputed demands; extending the period to match the exchange/deposit timeframe would facilitate orderly compliance and likely increase immediate revenue collections. The author also recommends permitting legitimate holders to regularise such notes by paying tax under section 115BBE with assurances against harassment, subject to eligibility limited to those without illicit-business or criminal records. Articles Corporate Laws / IBC / SEBI Fri, 11 Nov 2016 11:12:56 +0530 https://www.taxtmi.com/article/detailed?id=7077