CBDT Circular 05/2025 for Waiver of Interest levy in specified cases
Recently, the CBDT Circular 05/2025 Dated 28.03.2025 for Waiver of Interest levy on specified case. This will provide the much needed relief to the taxpayers where the payment is done from the bank account of the taxpayers but the credited to the Government Treasury after a period of time.
Finally, Income tax department has recognized the problem faced by taxpayers due to technical glitches of TDS/ TCS Payers and issued the circular for providing the relief by way of waiver Interest Levy
The copy of the Circular is as under:
