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<h1>Grace Period for Employers to Pay Due Tax Without Penalty Ends July 31, 1994: Comply Now to Avoid Prosecution.</h1> The circular addresses the non-initiation of penalty and prosecution proceedings for employers, including foreign companies, who defaulted in deducting tax at source on salaries and allowances paid abroad for services rendered in India. The Board offers a grace period until July 31, 1994, for employers to voluntarily pay the due tax and interest without facing penalties or prosecution. Employers are encouraged to comply by this date to avoid future legal actions. From August 1, 1994, strict enforcement of penalty and prosecution provisions will commence. The circular emphasizes the need for wide publicity of this compliance opportunity.