Time schedule for making payments under Income Declaration Scheme 2016 revised


Posted on:15 Jul 2016 18:16:11

Time schedule for making payments under Income Declaration Scheme 2016 revised
15 July 2016 Current Affairs: The Union Government has revised the time schedule for making payments under the Income Declaration Scheme 2016 on 14 July 2016.

As per the revised schedule, a minimum amount of 25 percent of the tax, surcharge and penalty can be paid by 30 November 2016 and further amount of 25 percent by 31 March 2017. The balance amount can be paid on or before 30 September 2017.

The decision was taken following practical difficulties expressed by various stakeholders that the time period available under the Scheme up to 30 November 2016 for making payment of tax, surcharge and penalty is very short.


Subscribe to Current Affairs

Enter your email to get daily current affairs

Current Affairs June 2017

24 JUNE
NEWS
23 JUNE
NEWS
22 JUNE
NEWS
21 JUNE
NEWS

Current Affairs May 2017

31 MAY
NEWS
30 MAY
NEWS
29 MAY
NEWS
27 MAY
NEWS

Current Affairs April 2017

29 APRIL
NEWS
28 APRIL
NEWS
27 APRIL
NEWS
26 APRIL
NEWS