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4 Sep 2013

VCES declarant(s) mandatorily have to pay atleast 50% of Declared Tax Dues on or before 31.12.2013

To have the declaration of respective clients sustained under VCES, it is hereby intimated that atleast 50% of Declared “tax dues” must be paid on or before 31.12.2013 along with the submission of proof to Designated Authority. Otherwise their application will be liable to get rejected.

For Balance 50%, Tax payer may choose-
  • To pay on or before 30.06.2014 without any interest; or
  • To pay after 30.6.2014 but mandatorily before 31.12.2014 with interest for the period of delay starting from 01.07.2014