{"id":6177,"date":"2018-03-29T16:28:29","date_gmt":"2018-03-29T10:58:29","guid":{"rendered":"https:\/\/www.hostbooks.com\/in\/?p=6177"},"modified":"2018-08-09T16:22:05","modified_gmt":"2018-08-09T10:52:05","slug":"rule-117a-reduction-waiver-interest-payable-section-139","status":"publish","type":"post","link":"https:\/\/www.hostbooks.com\/in\/hb\/all-rules\/rule-117a-reduction-waiver-interest-payable-section-139\/","title":{"rendered":"Rule &#8211; 117A, Reduction or waiver of interest payable under section 139"},"content":{"rendered":"<p><strong>117A<\/strong>. <sup>82<\/sup>[In respect of assessment relating to an assessment year commencing on or before the first day of April, 1988, the Assessing Officer] may reduce or waive the interest payable under section 139 in the cases and in the circumstances mentioned below, namely :\u2014<\/p>\n<p>(i)\t \twhere the return of income is furnished by a person who has been treated under section 163 as an agent of a non-resident and is assessed in respect of the latter&#8217;s income ;<br \/>\n(ii)\t \twhere the return of income is furnished by an assessee whose only source of income during the relevant previous year is a share in the income of an unregistered firm which has been assessed on its total income in respect of that previous year under clause (b) of section 183;<br \/>\n(iii)\t \twhere the return of income of a deceased individual is furnished by his legal representative and the legal representative satisfies the <sup>83<\/sup>[Assessing Officer] that he had sufficient cause for not furnishing such return within time;<br \/>\n(iv)\t \twhere the return of income has been furnished in pursuance of a notice issued under section 148;<br \/>\n(v)\t \tany case in which the assessee produces evidence to the satisfaction of the <sup>84<\/sup>[Assessing Officer] that he was prevented by sufficient cause from furnishing the return within time :<br \/>\nProvided that the previous approval of the <sup>85<\/sup>[Deputy Commissioner] has been obtained where the amount of interest reduced or waived, as the case may be, under clause (iv) or clause (v) exceeds one thousand rupees.<\/p>\n<p>Reference: www.incometaxindia.gov.in<\/p>\n","protected":false},"excerpt":{"rendered":"<p>117A. 82[In respect of assessment relating to an assessment year commencing on or before the<span class=\"excerpt-hellip\"> [\u2026]<\/span><\/p>\n","protected":false},"author":68,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1439,1440],"tags":[],"yst_prominent_words":[4328,811,8570,890,3796,6693,885,6378,4437,4436,4438,482,296,2641,458,8568,5546,444],"_links":{"self":[{"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/posts\/6177"}],"collection":[{"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/users\/68"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/comments?post=6177"}],"version-history":[{"count":1,"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/posts\/6177\/revisions"}],"predecessor-version":[{"id":6860,"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/posts\/6177\/revisions\/6860"}],"wp:attachment":[{"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/media?parent=6177"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/categories?post=6177"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/tags?post=6177"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/yst_prominent_words?post=6177"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}