Procedure for Voluntary Disclosure of Tax Deficiency u/s 87(6) of the DVAT Act 2004.

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....8 OF 2013-14 Sub: Procedure for Voluntary Disclosure of Tax Deficiency u/s 87(6) of the DVAT Act 2004. 1. Section 87(6) provides for automatic mitigation of penalties and reads as under: "If- a person is liable to pay penalty under section 86 of this Act: and b. the person voluntarily discloses to the Commissioner, in writing, the existence of the tax deficiency, during the course o....

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....r this Act. Under Rule 26(1) of the DVAT Rules, 2005, the tax period for all the dealers shall be a quarter subjected to sub-rule (2) of rule 26. Further, under Rule 2(3)(d) "quarter" means the periods of three calendar months- (i) April 1 to June 30; (ii) July 1 to September 30; (iii) October 1 to December 31; and (iv) January 1 to March 31. 4. To avail the benefits of automatic mi....