https://www.taxtmi.com/acts?id=37032 Amendments to section 92CE introduce an option for the assessee, where excess money or part thereof has not been repatriated within the prescribed time, to pay an additional income tax at the prescribed rate on such amount; tax so paid is treated as the final payment of tax, no further credit may be claimed, no deduction is allowed for the amount on which such tax is paid, and payment exempts the assessee from making a secondary adjustment and from computing interest from the date of payment. The provision clarifies repatriation may be from any associated enterprise not resident in India and bars refunds for taxes paid under the prior sub section text. en-us Wed, 24 Jul 2019 16:29:03 +0530 Mon, 29 Jul 2019 14:31:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=37032 Amendments to section 92CE introduce an option for the assessee, where excess money or part thereof has not been repatriated within the prescribed time, to pay an additional income tax at the prescribed rate on such amount; tax so paid is treated as the final payment of tax, no further credit may be claimed, no deduction is allowed for the amount on which such tax is paid, and payment exempts the assessee from making a secondary adjustment and from computing interest from the date of payment. The provision clarifies repatriation may be from any associated enterprise not resident in India and bars refunds for taxes paid under the prior sub section text. Act-Rules F. Acts / Amendment Acts Wed, 24 Jul 2019 16:29:03 +0530 https://www.taxtmi.com/acts?id=37032