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  • April 22, 2018

Govt to levy Penal Interest on Tax Defaulters

Sanyam Jain | Income Tax/ News | January 21, 2013 | Leave a Comment

Govt to levy Penal Interest on Tax Defaulters

The government is likely to clamp down heavily on tax defaulters through a string of measures that is likely to be announced in this year’s budget, as tax authorities step on the pedal to collect unpaid revenues. The government is likely to impose an interest rate of about 24% on outstanding arrears of tax defaulters, sources […]

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