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Circular Serial No. 471/1112 STRESSED ASSETS MET Circular No. SAME/SMT/17/1112 2012 Date: 24 February All Branches / Controlling Authorities And Departmental Heads at Head Office SCHEME OF ITS FOR

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What is scheme of ots for?

The scheme of OTS (One Time Settlement) is used for resolving outstanding debts or taxes in a mutually agreed-upon manner.

Who is required to file scheme of ots for?

Individuals or organizations with outstanding debts or taxes are required to file a scheme of OTS.

How to fill out scheme of ots for?

To fill out the scheme of OTS, you need to provide detailed information about the outstanding debts or taxes, propose a settlement plan, and submit it to the appropriate authority.

What is the purpose of scheme of ots for?

The purpose of the scheme of OTS is to provide an opportunity for individuals or organizations with outstanding debts or taxes to settle their dues in a mutually agreed-upon manner, thereby avoiding legal actions or penalties.

What information must be reported on scheme of ots for?

The scheme of OTS requires the reporting of detailed information about the outstanding debts or taxes, including the amount owed, nature of the debt, reasons for the delay, proposed settlement terms, and any supporting documents.

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