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Latest revision as of 09:18, 31 August 2026

Leave it to lawyers and the govt to not be able to give a straight respond to this mystery! Unfortunately, in order to be qualified to wipe out a tax debt, the numbers of five criteria that end up being satisfied.

What is the rate? In the rate or rates enacted by Central Act for every Assessment Calendar months. It's varies between 10% - 30% of taxable income excluding the basic exemption limit applicable towards tax payer.

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