[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II,
SECTION 3, SUB-SECTION (ii)]
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
New Delhi, the 20th July, 2016
NOTIFICATION
S.O.2476(E).- In exercise of the powers conferred by section 187 of the Finance
Act, 2016 (28 of 2016), the Central Government hereby amends the notification of the
Ministry of Finance (Department of Revenue), notification number S.O.1830(E) dated
the 19th May, 2016, published in the Gazette of India, Extraordinary, Part-II, Section-
3, Sub-section (ii) dated the 19th May, 2016.
2. In the said notification, for clause (ii), the following clause shall be substituted,
namely:-
“(ii) the date on or before which the tax and surcharge is payable under section 184,
and the penalty is payable under section 185 in respect of undisclosed income shall
be as follows, namely:-
(a) the 30th day of November, 2016, for an amount not less than twenty-five per
cent. of such tax, surcharge and penalty;
(b) the 31st day of March, 2017, for an amount not less than fifty per cent. of such
tax, surcharge and penalty as reduced by the amount paid under clause (a);
(c) the 30th day of September, 2017, for the whole amount payable under section
184 and 185 as reduced by the amounts paid under clause (a) and (b);”.
(Notification No.59/2016, F.No.142/8/2016-TPL)
(Dr. T.S. Mapwal)
Under Secretary to the Government of India
Note:- The principal notification was published vide notification number S.O.
1830(E), dated the 19th May, 2016.
