The government of India showed its benevolent side
by introducing the amnesty scheme which tends to pardon tax evaders from all
penalties that come hand in hand with dodging the call of the authorities.
Basically, under this scheme which is also known as the Voluntary Compliance
Encouragement Scheme, evaders will be required to part with their gross amount
due, without the imposition of additional interests to inflate the same to an
unbearable burden.
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How to Use VCES 2013 |
Today, as the year 2013 is on the way to say
goodbye, there are a number of defaulters who have plenty to worry about. For
those who may have taken VCES 2013 for granted and may have thought that they would be better off staying in the
dark, are losing their one and only chance to get their records straight with
the authorities. From 1st January 2014, the regular rules of dealing
with evasion and defaulting will apply; leaving no one any scope for making any
amends whosoever.
Those who may have woken up to the alarm a few days
ago, there is sure to be a lot to hurry and worry about. From arrangement of
required paper work and plenty to assess and organize, one is sure to be left
flustered by the time disclosure is made. The happier lot includes those who
sought the scheme it the earliest and have been written off with a clean chit.
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