https://www.taxtmi.com/acts?id=45898 Voluntary disclosure allows persons who omitted or whose income escaped assessment before a specified date to declare such income to the Commissioner and be charged tax at a prescribed rate. Declarations must state assessment status, amounts and years, and asset form and location. A declarant may pay the tax, furnish adequate security (bank guarantee or assignment of government securities) with an undertaking to pay within a set period, or make an interim payment with security and assignment of assets for the balance. Tax so paid is non refundable and bars reopening or claiming relief; particulars are confidential and a certificate of payment is issued. en-us Wed, 04 Dec 2024 18:24:09 +0530 Wed, 04 Dec 2024 18:24:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=45898 Voluntary disclosure allows persons who omitted or whose income escaped assessment before a specified date to declare such income to the Commissioner and be charged tax at a prescribed rate. Declarations must state assessment status, amounts and years, and asset form and location. A declarant may pay the tax, furnish adequate security (bank guarantee or assignment of government securities) with an undertaking to pay within a set period, or make an interim payment with security and assignment of assets for the balance. Tax so paid is non refundable and bars reopening or claiming relief; particulars are confidential and a certificate of payment is issued. Act-Rules F. Acts / Amendment Acts Wed, 04 Dec 2024 18:24:09 +0530 https://www.taxtmi.com/acts?id=45898