LawgistThe Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act
66Tax in respect of voluntarily disclosed asset not refundable
Any amount of tax paid under section 60 or penalty paid under section 61 in pursuance of a declaration made under section 59 shall not be refundable.
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TAX COMPLIANCE FOR UNDISCLOSED FOREIGN INCOME AND ASSETS
- 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
