As per the provision, 25% of normal tax and interest will be charged for filing updated return from April 1, 2022 to March 31, 2023. For filing updated return from April 1, 2023 to March 31, 2024, tax will be up to 50% of normal tax and interest will be levied.
Taneja said it is only because of this Act that over Rs 18,000 cr have been recovered from fugitives like Neerav Modi, Vijay Mallya, and Mahul Chouksi among others.
The trusts and societies have to open an account in SBI’s main branch in New Delhi, where the foreign donation will be credited and the societies can transfer the fund from that account to anywhere in the country.
The trusts and societies have to open an account in SBI’s main branch in New Delhi, where the foreign donation will be credited and the societies can transfer the fund from that account to anywhere in the country.