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WAIVER OF PENALTIES
UAE offers 30-day visa relief for travellers affected by regional disruptionsUAE's ICP offers a 30-day grace period, from June 10 to July 9, 2026, for travellers impacted by regional disruptions. This allows individu...- The accounting trick used by companies to make a weak balance sheet look strongIn one recent case, a large investment sat comfortably under equity until the auditor read the shareholders' agreement, found a buyback cla...
- Tax ruling can set off a game of thorns for gaming company directorsIndia's money gaming firms are worried about directors facing tax demands. A Supreme Court ruling upheld a 28% GST on bets. This could mean...
- IRS tax deadline extension for Washington disaster relief: New 2026 filing date, eligibility, process, refund insights and key updatesIRS tax deadline extension 2026: Washington residents hit by severe weather now have until August 15, 2026, to file taxes, thanks to an IRS...
- West Asia crisis: Drone industry lauds govt's no-penalty relief for disrupted contractsThe Indian drone industry has received timely relief. The government has recognized the West Asia situation as a Force Majeure. This allows...
- Airport operators urge MoCA for urgent relief amid 25% cut charges to compensate revenue lossAirport operators are requesting urgent government support. A 25 percent cut in landing and parking fees for domestic flights has impacted ...
- WhiteOak Mutual Fund waives exit load on fresh investments; existing units retain old chargesWhiteOak Capital Mutual Fund has removed exit loads on new investments in its equity and hybrid schemes. This investor-friendly move enhanc...
- India may get a crude hit from Trump's curbs on Russian & Iranian oil buying freedomThe United States has ended sanctions waivers that allowed countries, including India, to buy Russian and Iranian oil without penalties, a ...
- US ends sanctions waiver for Russian, Iranian Oil; India among affected buyersUS Treasury Secretary Scott Bessent on Wednesday confirmed Washington will not renew sanctions waivers on Russian and Iranian oil, ending t...
- 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...
- NHBF seeks escalation support of 17-18% for National Highway projects to restore financial viabilityIn its submission to road transport and highways minister Nitin Gadkari, the National Highways Builders Federation said increase in input c...
- 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,...
- 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...
- US Customs and Border Protection slaps fine on IndiGoIndiGo was fined USD 5,832.60 by US Customs and Border Protection for late payment of the immigration user fee. The airline is seeking a wa...
- CBIC extends penalty waiver on dynamic QR Code implementation till June 30, 2021According to a notification issued Tuesday, the Board said that the three-month waiver will be applicable subject to the condition that com...
- 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...
- Government may consider waiving penalty in Vodafone-like casesGovt may dilute the provisions to allow waiver of penalties on tax demands to be raised on Vodafone-like acquisitions involving domestic as...
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