Penalty rate under section 234A reduced, lowering interest charged for delayed tax payment under Taxation Laws Amendment Act. Amendment reduces the penalty rate under section 234A by substituting the previously specified fractional percentage expression with the new whole percentage wording in sub sections (1) and (3), thereby changing the rate applied to delayed tax payment calculations under that provision.
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Penalty rate under section 234A reduced, lowering interest charged for delayed tax payment under Taxation Laws Amendment Act.
Amendment reduces the penalty rate under section 234A by substituting the previously specified fractional percentage expression with the new whole percentage wording in sub sections (1) and (3), thereby changing the rate applied to delayed tax payment calculations under that provision.
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