Provided that an assessee may at any time pay the entire amount of the betterment fee or of the balance then due, and in such case he may be allowed such rebate as may be prescribed.
(2) Where any installment of betterment fee is not paid by the date fixed under sub-section(1), interest at such rate, not exceeding six per cent per annum, as may be prescribed, shall be payable by the assessee from such date and shall be deemed to be part of the betterment fee.
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Section 1 · Short title, extent and commencementSection 2 · DefinitionsSection 3 · Constitution of the BoardSection 4 · Disqualification's for being Adhyaksh or Member, etc,Section 5 · Term of office of Adhyaksh and non-official members.Section 6 · Provisions regarding office of Adhyaksh.Section 7 · Provisions relating of Housing Commissioner.Section 8 · Appointment of officer and servants.India Code, Government of India. Text fetched 18 Oct 2026. Source metadata reports last modification: 2024-09-06. Check the linked official text and subsequent notifications when applying a provision.