Composition Scheme (Section 16)

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..... er paying tax at the rates specified in section 4 may elect to pay tax under section 16 only from the beginning of the following year by making an application in DVAT-01 within 30 days from the first day of the beginning of the following year. 1 [***] 2 [ (3) A person who is eligible under sub-section (3) of section 16 and elects to pay tax under sub-section (1) of section 1 .....

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..... --------------------------- Notes:- 1. Omitted vide Notification No. F.101(337)/2005-Fin.(A/Cs)/1836, Dated 08.07.2005 . w.e.f 08.07.2005., Earlier Inserted vide Notification No. No.F.101(337)/2005-Fin.(A/Cs)(ii)/1477, dated 22.06.2005 , before it was read as:- PROVIDED that in respect of the financial year 2005-06, the period for making such application shall be ninety d .....

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..... om the first day of the beginning of the following year.] The proviso in bracket above was earlier inserted vide Notification No. No.F.101(337)/2005-Fin.(A/Cs)(ii)/1477, dated 22.06.2005 , w.e.f. 22.06.2005. - - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, Taxation Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - .....

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