If a person declares income under this scheme then what is the due date for payment of tax calculated on declared income?

Question
in progress 0
, ARPITA JHANWAR 2 months 1 Answer 30 views 0

Answer ( 1 )

  1. ​If a person declared income under this scheme then he is required to pay the amount of tax, surcharge and penalty as per the following schedule:-

    Minimum of 25% of tax, surcharge and penalty to be paid by 30th November, 2016;
    A further amount of 25% of tax, surcharge and penalty to be paid by 31st March, 2017; and
    The balance amount to be paid on or before 30th September, 2017.

Leave an answer