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Income Tax - Frequently Asked Questions (FAQs) |
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FAQs on Direct Tax Vivad Se Vishwas Act, 2020 |
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The declarant has filed a declaration for disputed penalty. He is required to pay 25% or 30% of disputed penalty to settle the dispute. Will interest levied or leviable be waived in this case? |
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Ans. Yes. Once the required amount of disputed penalty has been paid by the declarant, interest relating to such penalty would be waived. |
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