Format of application for Waiver of interest

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Sunil Nayak

Chartered Accountants

96 Points Joined August 2007

Hi ..........

I need to apply to Chief CIT for waiver of interest charged u/s 234B & 234C since section 80HHC has been amended retrsopectively by Taxation Laws (Amendment) ACt 2005. The amendment says that interst or penalty cannot be charged or levied.

If anybody has aleady applied, pls share the format in which application letter shall be filed.

Regards.......Sunil

Replies (1)

CA Nikita

Chartered Accountant

4158 Points Joined March 2007

HI! there's no prescribed application format as such... just to keep in mind that all facts r put done in a systematic way n which sec sud b referred to n y... such things sud be clearly mentioned...