Question: rt 1 ments B chers dents tfolio The difference between Abatement and Compromise Settlement of Taxes is Select the correct response: Both can be

rt 1 ments B chers dents tfolio The difference between Abatement and

rt 1 ments B chers dents tfolio The difference between Abatement and Compromise Settlement of Taxes is Select the correct response: Both can be applied simultaneously Abatement calls for relinquishment of penalties while Compromise settlement applies to reduction of tax liability in accordance with the rules and regulations Both calls for reduction of tax liabilities including basic tax due None of these

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