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CBDT allows tax officials to waive or reduce interest due from assessee

Under the Income Tax Act Section 220 (2A), if a taxpayer fails to pay the tax amount specified in any demand notice, he/she is liable to pay interest at 1 per cent per month for the period of delay in making the payment.
Last Updated : 05 November 2024, 09:08 IST

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Published 05 November 2024, 09:08 IST

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