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Informative

CBDT Waives Interest on Late TDS/TCS Payments due to Technical Glitch

Update / Judgement Date

01 Apr 2025

Source

Taxscan

Author

Team — WCP Legal Desk

Reading Time

1 min read

Income Tax

The CBDT has waived interest on late TDS and TCS payments due to technical glitches. This decision provides relief to taxpayers who faced delays due to system errors. It acknowledges the challenges posed by technical issues and aims to mitigate their impact. The CBDT’s action promotes fairness and reduces financial burdens.