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The Kerala government has issued a notification under the Kerala Finance Act, 2024, specifying rates and timelines for settling tax arrears and disputes. This notification, SRO No. 1153/2024, published in the Kerala Gazette Extraordinary, amends earlier provisions related to tax payment for pending dues. Key highlights include Applicable Periods: The notification outlines rates for arrears or surcharge payments filed under Section 9(1) for the periods from August 1 to December 31, 2024. S
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FAQ :
The notification specifies rates and timelines for settling tax arrears and disputes under the Kerala Finance Act, 2024, aiming to streamline revenue collection and encourage prompt payment of pending dues.
The notification outlines rates for arrears or surcharge payments filed under Section 9(1) for the periods from August 1 to December 31, 2024.
For arrears between ₹50,000 and ₹10 lakhs, rates range from 32% to 38%. For arrears exceeding ₹1 crore, rates vary from 72% to 88%, depending on payment timelines.
No payment will be accepted under these provisions beyond March 31, 2025.
The notification is SRO No. 1153/2024, published in the Kerala Gazette Extraordinary.
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