Tuesday, March 15, 2016

SCHEMES


  • Income declaration scheme to levy tax @ 30%, interest of 7.5% and penalty of 7.5% of undeclared income (Declaration 1st June, 2016 to 30 September, 2016)
  • Assessee's subjected to retrospective amendment related demands can pay only tax without any interest or penalty and can withdraw from litigation.
  • Kar Samadhan scheme - To pay only tax and interest of minimum penalty

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