https://www.taxtmi.com/acts?id=6415 Payment of an amount specified in a wealth-tax demand must be made within the prescribed period; the assessing officer may shorten that period with Joint Commissioner approval. Late payment incurs monthly interest from the day after the due period until payment, adjusted if the taxable amount is reduced. The Chief Commissioner or Commissioner may reduce or waive interest for genuine hardship or causes beyond the assessee's control. The assessing officer may extend time or allow instalments; default on any instalment causes acceleration of the whole outstanding amount. Appeals and foreign-remittance restrictions can suspend treatment as default. en-us Sat, 19 Jan 2008 22:45:54 +0530 Thu, 13 Sep 2012 11:26:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=6415 Payment of an amount specified in a wealth-tax demand must be made within the prescribed period; the assessing officer may shorten that period with Joint Commissioner approval. Late payment incurs monthly interest from the day after the due period until payment, adjusted if the taxable amount is reduced. The Chief Commissioner or Commissioner may reduce or waive interest for genuine hardship or causes beyond the assessee's control. The assessing officer may extend time or allow instalments; default on any instalment causes acceleration of the whole outstanding amount. Appeals and foreign-remittance restrictions can suspend treatment as default. Act-Rules Wealth-tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=6415