Amount paid in pursuance of declaration non-refundable.

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....of the Bill seeks to insert a new Chapter relating to the Foreign Assets of Small Taxpayers Disclosure Scheme, 2026. The Chapter, inter alia, provides-- (a) the short title and commencement of the Scheme and the date from which it shall come into force; (b) the definitions of certain expressions relating to "assessee", "assessment", "assessment year", "Board", "declarant", "de....

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....time limits for payment, levy of interest for delayed payment and issuance of certificate evidencing payment; (g) the provisions relating to non-inclusion of income or assets declared under the Scheme in the total income of the declarant and the effect of such declaration on pending assessment proceedings; (h) the provisions relating to non-refund of any amount paid under the Sch....