Major Relief for Taxpayers: CBDT Waives Interest on TDS/TCS Delays due to Technical Glitches [Read Circular]
CBDT, via Circular, allows interest waiver on TDS/TCS payment delays caused by technical glitches, offering major relief to taxpayers
By Kavi Priya - On March 29, 2025 6:50 am - 2 mins read
The Ministry of Finance, through the Central Board of Direct Taxes (CBDT) issued Circular No. 5/2025 dated March 28, 2025, announcing that interest charges under sections 201(1A)(ii) and 206C(7) of the Income Tax Act, 1961 can now be waived in cases where delays in TDS or TCS payments were caused due to technical glitches. According…
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