Declaration of tax payable
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....cordance with the provisions of section 200 in respect of tax arrear, or specified tax, then, notwithstanding anything contained in the Income-tax Act or the Wealth-tax Act or any other provision of any law for the time being in force, the amount payable under this Scheme by the declarant shall be as under, namely:-- (I) in case of pending appeal related to tax arrear being-- (a) tax and inter....
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.... proposed to come inforce from 1st June, 2016 and be open for declaration made up to a date to be notified by the Central Government in the Official Gazette. The new Chapter, inter alia, provides-- (a) the definition of certain expressions relating to "declarant", "designated authority", "disputed income", "disputed tax", "disputed wealth", "specified tax" and "tax arrear"; (b) the proviso rel....




TaxTMI
TaxTMI