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of <h1>Income Tax Bill 2025 Clause 411 mirrors existing tax recovery provisions with refined interest charges and timelines</h1> The Income Tax Bill 2025's Clause 411 largely mirrors Section 220 of the Income Tax Act 1961, governing tax recovery and default provisions. Both require payment within thirty days of demand notice service, with shorter periods permitted upon Joint Commissioner approval. The provisions maintain identical interest rates at 1% monthly, include mechanisms for time extensions and installment payments, and preserve discretionary powers for interest waiver based on genuine hardship. Key refinements in the 2025 Bill include consolidated anti-overlap provisions for interest charges, explicit timelines for application disposal, and updated cross-references reflecting the restructured legislative framework while maintaining established recovery procedures.
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