The Madhya Pradesh Karadhan Adhinayamon Ki Puranee Bakaya Raashi Ka Samadhan Act, 2021

General20214 sections

This Act provides a mechanism for taxpayers to settle long-standing tax arrears under various repealed and active commercial tax laws in Madhya Pradesh. It applies to individuals and businesses with tax, interest, or penalty liabilities originating on or before March 31, 2016. By allowing applicants to pay a defined "settlement amount" rather than the full disputed sum, the Act aims to reduce the backlog of litigation in tax courts and recover revenue for the state. It is a voluntary scheme that offers a clean slate to taxpayers, provided they comply with the specific settlement conditions and procedures outlined in the legislation.

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1. Short title, extent and commencement
2. Definitions
3. Competent authority
4. Provided that the Commissioner, may either on his own motion or on an application submitted by an applicant, transfer any or all applications from one competent authority to another.

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