Meaning of Remission

Remission

Language - English

Tamil Word - குறைத்தல்

Reduction or Cancellation of a Debt or Penalty. Example: The government offered a remission on property tax for senior citizens and individuals with disabilities. In the context of Tamil Nadu real estate, 'remission' refers to the partial or complete forgiveness of a debt, penalty, or other financial obligation. This could include tax breaks, waivers of late fees, or reductions in interest rates. Remissions are often granted by the government or other authorities as a form of relief or incentive.