Amendment of Act 3 of 2025

Amendment of Act 3 of 2025.―In the Kerala Finance Act, 2025 (3 of 2025), (hereinafter referred to as the principal Act) in Chapter III, General Amnesty Scheme, 2025 after section 13, the following section shall be inserted, namely:― “13A. Special waiver in respect of small arrears.—

1. (1) Notwithstanding anything contained in the relevant Acts or in the scheme, the entire amount of arrears of tax, surcharge, interest, cess or penalty covered by a specified order passed under the relevant Act shall be deemed to have been settled under the scheme, where,―
   • (a) the arrears of tax or surcharge in such order does not exceed fifty thousand rupees; and
   • (b) the arrears of tax or surcharge relates to any financial year up to and including the financial year 2017-18; and
   • (c) such order has been issued on or before the 31st day of March, 2027: Provided that, in the case where the evidence, details and records pertaining to the penalty levied are not utilized or not liable to be utilized for any best judgment assessment under the relevant Act, the tax or surcharge relating to such penalty shall be deemed to be the arrears of tax or surcharge.”.