Section 209 - Amendment of section 187. - Finance (No. 2) Act, 2019

PART XVII AMENDMENT TO THE FINANCE ACT, 2016 Amendment of section 187. 209. In the Finance Act, 2016 (28 of 2016.) (hereafter in this Part referred to as the principal Act), in section 187, in sub-section (1), the following proviso shall be inserted and shall be deemed to have been inserted with effect from the 1st day of June, 2016, namely: Provided that where the amount of tax, surcharge and penalty, has not been paid within the due date notified under this sub-section, the Central Government may, by notification in the Official Gazette, specify the class of persons, who may, make the payment of such amount on or before such date as may be notified by the Central Government, along with the interest on such amount, at the rate of one per cent. for every month or part of a month comprised in the period commencing on the date immediately following the due date and ending on the date of such payment. .