CBDT's new guidelines for I-T interest waiver
The New Indian Express|November 06, 2024
THE Central Board of Direct Taxes (CBDT) on Tuesday announced new guidelines aimed at providing relief to taxpayers regarding the waiver and reduction of interest payable under Section 220(2) of the Income-tax Act.
MONIKA YADAV
CBDT's new guidelines for I-T interest waiver

As per the circular, tax officials at different levels will have authority to either waive off or reduce interest payable by a taxpayer, subject to conditions. The circular is effective immediately. As per the Income Tax Act, taxpayers who fail to pay the amount specified in a notice of demand will incur simple interest at a rate of 1% per month for any delay in payment. However, the CBDT has established specific monetary limits for income-tax authorities regarding the granting of waivers or reductions on this interest.

Diese Geschichte stammt aus der November 06, 2024-Ausgabe von The New Indian Express.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

Diese Geschichte stammt aus der November 06, 2024-Ausgabe von The New Indian Express.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

WEITERE ARTIKEL AUS THE NEW INDIAN EXPRESSAlle anzeigen
EVERYTHING ABOUT DARYL DIXON S2 IS EDGIER
The New Indian Express

EVERYTHING ABOUT DARYL DIXON S2 IS EDGIER

Actors Norman Reedus, Melissa McBride, Louis Puech Scigliuzzi, Eriq Ebouaney, Anne Charrier, and Romain Levi discuss the significance of their characters in The Walking Dead: Daryl Dixon season 2 - The Book of Carol

time-read
3 Minuten  |
November 06, 2024
Lena Headey and Henry Winkler to star in Normal
The New Indian Express

Lena Headey and Henry Winkler to star in Normal

Earlier, we reported about Bob Odenkirk starring in an action film titled Normal. The latest news is that actors Lena Headey and Henry Winkler have been added to the film's cast.

time-read
1 min  |
November 06, 2024
The New Indian Express

Kevin Bacon, Kyra Sedgwick to star in and direct a film

Real-life couple Kevin Bacon and Kyra Sedgwick are all set to star in and direct a film titled Family Movie.

time-read
1 min  |
November 06, 2024
The New Indian Express

A family divided

The French film Jouer avec le feu (that translates as 'playing with fire', English title The Quiet Son) deals with a phenomenon that extends beyond the boundaries of its home country. It's a terrifying exploration of the widespread, worldwide affliction of political divides cutting through families and tearing the most intimate of relationships apart.

time-read
2 Minuten  |
November 06, 2024
-0-mania
The New Indian Express

-0-mania

As human reliance on eggs grew over time, the way they are devoured also changed worldwide.

time-read
2 Minuten  |
November 06, 2024
WHISKING UP CHRISTMAS MAGIC
The New Indian Express

WHISKING UP CHRISTMAS MAGIC

As the calendar turns to November and a hint of winter whispers through the air in Chennai, anticipation begins to build for the festive season ahead.

time-read
2 Minuten  |
November 06, 2024
The New Indian Express

The aromatic perennial herb

ARRAGON (Artemisia dracunculus) is a perennial herb prized for its warm, aromatic flavour.

time-read
1 min  |
November 06, 2024
Little acts, big heart
The New Indian Express

Little acts, big heart

It's the smallest things that sometimes make the biggest difference. A smile from a stranger, someone holding the door, a friend complimenting your outfit—these little acts of kindness are heartwarmingly simple, yet they can brighten someone's entire day.

time-read
3 Minuten  |
November 06, 2024
Eyes on host city as IOA submits letter of intent for 2036 Olympics
The New Indian Express

Eyes on host city as IOA submits letter of intent for 2036 Olympics

THE Indian Olympic Association has finally submitted the letter of intent to the International Olympic Committee on October 1.

time-read
2 Minuten  |
November 06, 2024
The New Indian Express

Confident Tamil Nadu take on hosts Assam

A confident-looking Tamil Nadu take on Assam in the Ranji Trophy fixture to be played at Barsapara cricket stadium in Guwahati starting from Wednesday.

time-read
2 Minuten  |
November 06, 2024