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 Morning Standard.
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Diese Geschichte stammt aus der November 06, 2024-Ausgabe von The Morning Standard.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
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Shah Meets Sai To Firm Up Plans Against Maoists
CHHATTISGARH Chief Minister Vishnu Deo Sai on Wednesday met Home Minister Amit Shah here at his North Block office and apprised him of the progress made in combating Naxalism in the state and expressed confidence in making it 'Maoist-free' by March 2026.
Different Strokes
From Indian traditions and ancient art to Renaissance and contemporary street art, this exhibition explores themes of identity, time, and history, offering a fresh perspective
THE DYSTOPIAN WINTERS OF DELHI
It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of light, it was the season of darkness, it was the spring of hope, it was the winter of despair,\" these lines by Charles Dickens from his 1859 novel, A Tale of Two Cities, ring true today in the Delhi-NCR of the 21st century.
END OF AN ERA
As 38-year-old Nadal walks into the sunset with 22 Grand Slams, Kalyani Mangale writes about a legacy that will live on forever
India withdraw from Blind T20 WC in Pakistan
CAPTAIN Durga Rao Tompaki on Wednesday said it is disheartening to miss out on the chance to compete in the TZO Blind Cricket World Cup in Pakistan following India's Withdrawal from the tournament while the national federation described the development as a \"setback\".
ACT: Deepika to the fore again as India triumph
YOUNG striker Deepika turned out to be the star once again With a fine reverse hit goal as India retained their women's Asian Champions Trophy title after edging past Olympic silver medallist China 1-O in a pulsating final here Wednesday.
Taking 20 wickets biggest challenge for Bumrah & Co
ONE of the main reasons for India's success in the longest format when Ravi Shastri, as head coach, and Virat Kohli, as captain, were at helm was their ability to take 20 wickets.
Germany, Netherlands draw as group stage ends
GERMANY rounded off their Nations League group stage campaign with a 1-1 draw in Hungary while Netherlands were held to the same scoreline by Bosnia and Hercegovina.
Flare-up in tension between Russia, Ukraine pushes up gold prices
GOLD has reversed the losing streak it saw after the conclusive win that Donald Trump made in the recent US presidential polls, after the flare-up in the 1,000-day-old war that Russia has been waging on Ukraine.
Telcos can claim ITC on key infra spends
IN a relief for the telecom industry, the Supreme Court on Wednesday ruled in favour of major telecom service providers like Bharti Airtel, Vodafone Idea and Reliance Jio, allowing them to claim input tax credit (ITC) on key infrastructure components such as tower components, shelters, and other related materials.
