CBDT Interest Waiver under Section 201(1A)(ii)/206C(7): Time-Bound Relief for TDS/TCS Defaults Due to Technical Glitches

, Last updated: 28 July 2025 Share Follow on Google News

Introduction In practice, many deductors and collectors find themselves facing interest demands under Section 201(1A)(ii) or Section 206C(7) of the Income-tax Act, 1961, despite having deposited the TDS/TCS within the prescribed due date. This typically arises when, due to technical glitches in ban

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