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of <h1>Tax Payment Deadline Shortened to 30 Days with Adjusted Interest Rates Under Section 220 Income-tax Act Amendment</h1> The amendment modifies section 220 of the Income-tax Act, 1961, reducing the period for tax payment from thirty-five to thirty days. It adjusts interest calculation to one and one-half percent per month for delayed payments. The amendment also expands appeal provisions to include Settlement Commission orders and specifies interest rates for periods up to March 31, 1989.
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