Under the Income Tax Act Section 220 (2A), if a taxpayer fails to pay the tax amount specified in any demand notice, he/she is liable to pay interest at 1 per cent per month for the period of delay
Indian-American Congressman Ro Khanna has introduced a stand-alone bill in the US House of Representatives that gives India specific waivers from the punitive CAATSA sanctions
The US House of Representative on Thursday passed a legislative amendment that approves an India-specific waiver for punitive CAATSA sanctions
Live news updates: Wickremesinghe, 73, was sworn in as the acting president of Sri Lanka before Chief Justice Jayantha Jayasuriya
The US has not yet made any decision on potential sanctions or waivers to India under CATSAA law for its purchase of the S-400 missile defence system from Russia
Any sanctions on India under punitive Countering America's Adversaries Through Sanctions Act for buying S-400 missile from Russia would be extraordinarily rash, a Republican Senator told Biden council
As the US strengthens its ties with India as a pivotal regional counterweight to China, the Biden administration has delayed enforcement of a law ordering sanctions on India for trading with Russia.
A top Republican senator supported waiving of CAATSA sanctions against India for purchase of S-400 missile systems from Russia.
The State Department comments come a week after India started receiving the supplies of S-400 missile defense system from Russia
Two powerful US Senators on Tuesday urged President Joe Biden not to impose provisions of the punitive CAATSA against India for buying the S-400 surface-to-air missile system from Russia
Meanwhile, dispelling concerns over growing Russian proximity to Pakistan, Kudashev said that Moscow's relationship with Islamabad should not be a cause of concern for India
The US reaction came after India and Russia concluded the $5 billion S-400 air defence system deal
The move in this regard comes days after US Defense Secretary Jim Mattis asked the Congress to give the Secretary of State the waiver authority