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INTEREST AND PENALTY WAIVER
How much do 2026 tax penalties cost if you file late? IRS interest rates and monthly fees explainedMissing the April 15 deadline in 2026 can cost you up to 25% in penalties alone. The 2026 tax penalties cost late filing starts at 5% per m...
Supreme Court to hear Vodafone Idea's AGR dues plea on October 13The Supreme Court will hear Vodafone Idea's plea on October 13, seeking a waiver on interest, penalty, and interest on penalty for Adjusted...
Over 97,000 taxpayers avail benefits under One Time Settlement scheme, says Haryana govtHaryana's One Time Settlement scheme saw over 97,000 taxpayers benefit. They settled tax arrears worth Rs 712.88 crore. The scheme applied ...
SC rejects Airtel, Vodafone Idea and Tata Teleservices' petitions seeking waiver of interest, penalties on AGR duesThe Supreme Court dismissed petitions from Bharti Airtel and Vodafone Idea seeking waivers on interest and penalties related to AGR dues, d...
After Vodafone, Airtel moves Supreme Court over AGR duesBharti Airtel has petitioned the Supreme Court for relief in AGR dues, following Vodafone Idea's plea for a waiver of over Rs 45,000 crore ...
GST Amnesty Scheme: Last few days left for payment of tax to apply for the scheme using SPL-02 formGST Amnesty Scheme: You need to make the tax payment by March 31, 2025 to become eligible to apply for GST Amnesty Scheme by June 30, 2025....
New GST amnesty scheme notified: Waiver of interest and penalty on GST tax demand for eligible taxpayers to be effective from November 1, 2024Waiver of GST tax demand interest and penalty: The Ministry of Finance has notified the rules and conditions to follow if you need to use 1...
SEBI gives power to executive directors, whole-time members on reduction, waiver of interest for unpaid penaltySEBI has empowered panels of Executive Directors and Whole-time Members to waive or reduce interest in recovery cases under specific condit...
Pending GST tax dues recovery under amnesty scheme likely to be Rs 6,000 cr: Ajit PawarMaharashtra's Deputy Chief Minister, Ajit Pawar, announced an amnesty scheme for state GST dues. The scheme aims to recover Rs 6,000 crore,...
Sebi mulls process to seek waiver of interest on penalty paymentMarkets regulator Sebi on Monday proposed a procedure for seeking a waiver or reduction of interest concerning recovery proceedings initiat...
Have a query about the new GST amnesty scheme for waiver of interest and penalty? CBIC releases FAQ and clarificationsGoods and Services Tax (GST): Section 128A which was announced in Budget 2024 provides relief to GST registered taxpayers who have a pendin...
GST relief: No need to pay interest and penalty on GST tax demand; conditional waiver from November 1, 2024Goods and Service Tax (GST): The newly inserted section 128A has been notified by the Ministry of Finance with effect from November 1, 2024...
Big GST relief in budget 2024: No need to pay interest and penalty for these GST noticesBudget 2024: Relief for GST registered individuals and companies. "The waiver of interest and penalties for tax disputes faced by genuine t...
GST Council proposes interest, penalty waiver on tax dues"Our intent is to make GST assessees' life easier, simpler and less cumbersome... We are working towards less and less compliance," Union f...
GST Council proposes interest, penalty waiver on tax duesThe GST Council, chaired by Union Finance Minister Nirmala Sitharaman, empowered tax authorities to waive interest and penalties on past ta...
Now, you can pay property tax sans penalty till FebruaryThe scheme, which would extend beyond February, but with some conditions, is applicable to all types of properties, residential and commerc...
CBDT bats for penalty waiver in retro tax cases; boost for Vodafone?CBDT has recommended waiver of penalties in cases where tax laws are applied retrospectively, two government officials familiar with the de...