Processing Period for Immunity from Penalty & Prosecution Extended to 3 Months

The processing period for immunity from penalty and prosecution has been extended to three months. This provides taxpayers more time to clear up their pending issues and secure immunity from further actions. Under the revised scheme, those who voluntarily rectify their tax defaults within the extended time frame can benefit from immunity, provided the necessary payments and filings are completed. The extension allows individuals and businesses to take corrective actions in a timely manner and avoid penalties or prosecution for their past tax issues. This initiative helps taxpayers to resolve disputes efficiently and promotes voluntary compliance with the tax laws.