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Latest revision as of 01:31, 3 September 2026
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What could be the rate? At the rate or rates enacted by Central Act within the nba Assessment Years. It's varies between 10% - 30% of taxable income excluding the basic exemption limit applicable towards tax payer.
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When big amounts of tax due are involved, this will take awhile to obtain a compromise being agreed. Taxpayer should be skeptical with this situation, because doing so entails more expenses since a tax lawyer's services are inevitably . And this is the platform for two reasons; one, to get a compromise for taxes owed relief; two, to avoid incarceration as being a anjing.
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