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The Karnataka Legislative Assembly passed the Karnataka Municipal Corporation (Amendment) Bill to increase the number of civic wards in Bengaluru to 250. [27] On 6 October 2020 a legislative select committee led by BJP MLA S Raghu decided to increase the number of civic wards from 198 to 243, Chief Minister B. S. Yediyurappa approved creating ...
Penalty interest, also called penalty APR (penalty annual percentage rate), [1] default interest, interest for/on late payment, statutory interest for/on late payment, [2] [3] interest on arrears, or penal interest, in money lending and in sales contracts is punitive interest charged by a lender to a borrower if installments are not paid according to the loan terms.
Interest can accrue from the latest of 30 days after the goods are supplied or the service is completed, 30 days after receipt of invoice (or the customer is told the amount due is payable). the agreed date for payment. The "statutory interest" rate chargeable, which is simple and not compound, is the Bank of England base rate plus 8%. The ...
Public libraries in New York began charging overdue fees in the late 1800s at a rate of 1 cent/day. That increased to 2 cents/day in 1954 and 5 cents/day in 1959. Before removing late fees in October 2021, the most common fee among New York City public libraries was 25 cents/day.
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In case of non/late payment of profession tax, penalty will be 10% of the amount of tax. In case of late filing of returns, a penalty of Rs. 1000 per return will be imposed if you filed after due date in 1 month. After 1 month, a penalty of Rs. 2000 will be imposed. [3]
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The Federation of Karnataka Chambers of Commerce and Industry (FKCCI) estimated that this amounted to an interest payment of ₹ 2 crore (US$230,000) per day. BMRCL stated that interest component wasn't that high but it was "definitely more than ₹ 1 crore (US$120,000) per day".