The Maharashtra Settlement of Arrears of Tax, Interest, Penalty or Late Fee (Amendment and Validation) Act, 2026

The Maharashtra Settlement of Arrears of Tax, Interest, Penalty or Late Fee (Amendment and Validation) Act, 2026

This Act amends the Maharashtra Settlement of Arrears of Tax, Interest, Penalty or Late Fee Act, 2025. Its primary purpose is to extend the deadline for taxpayers to settle outstanding tax arrears from December 31, 2025, to March 31, 2026, providing additional time for compliance. The Act also introduces procedural flexibility for taxpayers with multiple pending appeals, allowing them to withdraw specific appeals regarding distinct issues while continuing others. Furthermore, it includes a validation clause to ensure that any tax payments collected between the original deadline and the commencement of this Act remain legally valid, preventing unnecessary litigation or refund claims regarding those transactions.

PDF: pending for this language.