Saturday , November 23 2024

Business

Now tax officials will be able to waive outstanding interest up to Rs 1.5 crore, order issued

The Income Tax Department has given approval to the tax authorities to waive or reduce the interest payable by taxpayers subject to specified conditions. According to this, a PRCIT rank officer can decide to reduce or waive the outstanding interest of more than Rs 1.5 crore. For outstanding interest ranging …

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