India's tax board allows officials to waive or reduce interest on unpaid taxes under specific conditions.

The Central Board of Direct Taxes (CBDT) in India has empowered tax officials to waive or reduce interest on unpaid taxes under Section 220(2A) of the Income Tax Act, with specific monetary thresholds. Tax officers can grant relief depending on the amount owed, with conditions including genuine hardship, circumstances beyond the taxpayer's control, and cooperation during inquiries. This measure aims to enhance efficiency and transparency in tax relief processes.

November 05, 2024
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