Mitali
The ICAI has made a request to the tax department saying that no interest u/s 234C shall be imposed as many taxpayers on 15th September 2025 could not pay their advance tax on time because of technical glitches on the Income-tax portal.
Even though payments were initiated and bank accounts were debited, taxpayers encountered technical issue while accessing or completing transactions due to which the challans were not generated or downloadable.
In some cases, transactions failed or the money was reversed by banks on 16th September due to portal issues.
Because of this, taxpayers might wrongly face interest under Section 234C for delay/failure in payment.
To provide fair relief, ICAI has requested that a circular be issued allowing taxpayers up to 3 additional days, after the circular is released, to complete their payments without attracting interest.
Further, it has been proposed that any payments made on 16th September 2025 should also be treated as having made on 15th September 2025, ensuring that taxpayers are not unfairly burdened for issues beyond their control.
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