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Declaration of tax payable

Clause 199 - Bills - THE DIRECT TAX DISPUTE RESOLUTION SCHEME, 2016 - FINANCE BILL, 2016 - Clause 199 - 199. Subject to the provisions of this Scheme, where a declarant files, on or after the 1st day of June, 2016 but on or before a date to be notifi .....

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t 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 interest,- .....

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x, twenty-five per cent. of the minimum penalty leviable and the interest on disputed tax till the date of assessment or reassessment, as the case may be; (b) penalty, twenty-five per cent. of the minimum penalty leviable and the tax and interest pay .....

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ion Scheme, 2016. The Scheme is 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 .....

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