The document is an order regarding the waiver of interest levied under sections 201(1A) and 206C(7) of the Income-tax Act, 1961 due to technical issues in the payment process. It states that taxpayers often face delays in crediting taxes deducted or collected to the Central Government due to glitches beyond their control. In response, the Central Board of Direct Taxes allows the Chief Commissioner or Director General of Income-tax to waive such interest if payments were initiated correctly and deducted on time. Applications for waivers must be made within a year of the financial year’s end, and decisions will be made within six months. Even if interest has already been paid, it may be refunded if a waiver is granted. The order will take effect immediately upon issuance.
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