Lawgist63Time for payment of tax
(1) The tax payable under section 60 and penalty payable under section 61 in respect of the undisclosed asset located outside India, shall be paid on or before a date to be notified by the Central Government in the Official Gazette.
(2) The declarant shall file the proof of payment of tax and penalty on or before the date notified under sub-section (1), with the Principal Commissioner or the Commissioner before whom the declaration under section 59 was made.
(3) If the declarant fails to pay the tax in respect of the declaration made under section59 on or before the date notified under sub-section (1), the declaration filed by him shall be deemed never to have been made under this Chapter.
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- 59 Declaration of undisclosed foreign asset
- 60 Charge of tax
- 61 Penalty
- 62 Manner of declaration
- 63 Time for payment of tax
- 64 Undisclosed foreign asset declared not to be included in total income
- 65 Undisclosed foreign asset declared not to affect finality of completed assessments
- 66 Tax in respect of voluntarily disclosed asset not refundable
- 67 Declaration not admissible in evidence against declarant
- 68 Declaration by misrepresentation of facts to be void
- 69 Exemption from wealth-tax in respect of assets specified in declaration
- 70 Applicability of certain provisions of Income-tax Act and of Chapter V of Wealth-tax Act
- 71 Chapter not to apply to certain persons
- 72 Removal of doubts
