Remission of tax: relief from tax obligation where goods are lost or destroyed by natural causes, subject to conditions. Remission of tax relieves a taxpayer from the obligation to pay tax on goods lost or destroyed due to natural causes, and such remission is available only ... Summary
Remission of tax: relief from tax obligation where goods are lost or destroyed by natural causes, subject to conditions.
Remission of tax relieves a taxpayer from the obligation to pay tax on goods lost or destroyed due to natural causes, and such remission is available only subject to conditions, procedures and limitations prescribed by the statute and rules made thereunder.
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