Income Tax:It is clarified that Section 87A rebate wrongly allowed on incomes taxed at special rates will be rectified, raising demands. Interest u/s 220(2) is waived if demands are paid by 31.12.2025.(24.09.2025)

Income Tax:

It is clarified that Section 87A rebate wrongly allowed on incomes taxed at special rates will be rectified, raising demands. Interest u/s 220(2) is waived if demands are paid by 31.12.2025.

(Circular No. 13 /2025 dated 19.09.25)