How a technical glitch in Income tax website may cost crores to several companies
A technical glitch on the Income Tax department's website hindered numerous companies from meeting the September 15 advance tax payment deadline, potentially leading to penalties. Tax advisors have appealed to the CBDT and finance ministry for interest waivers on payments initiated before the deadline but delayed by the system error. Some firms may file writ petitions if relief isn't granted.
A technical glitch on the Income Tax department's website hindered numerous companies from meeting the September 15 advance tax payment deadline, potentially leading to penalties. Tax advisors have appealed to the CBDT and finance ministry for interest waivers on payments initiated before the deadline but delayed by the system error. Some firms may file writ petitions if relief isn't granted.
