New Policy On Advance Tax Payment And Interest Thereon
This is to inform you of a new policy on tax payment introduced by Startup-Movers whereas a part of our service plan we support payment of taxes by the clients and ensure their tax challan/receipts are generated. This tax payment is made by us on the client’s behalf on receipt of advance payment, made in response to the tax workings shared with the client.
In some unforeseen circumstances, strictly on management discretion, we also pay taxes of some clients on their behalf on credit where an advance payment has not been received. Now onwards, any such tax payments which have not been received by us in advance or not received as a reimbursement within 24 hours of the payment, will attract an interest @18% per annum commencing from the first date of payment of taxes till the date when payment is received by us, which the client will be liable to pay to us. Such interest may be added to monthly retainer invoices of the clients.
This policy will be in effect from 1st February 2022.
In case of any queries or clarification, please feel free to contact us at email@example.com or reach out to your respective POC.