Sample letter for condonation of delay in filing income tax return. After recovering, he got busy with work and forgot to file.
Sample letter for condonation of delay in filing income tax return Governed by Jul 28, 2023 · They seek condonation of delay in filing income tax returns caused by delays in getting their accounts audited under state laws. 1. The denial is due to delay in furnishing form No. Such […] Continue reading… Feb 21, 2021 · Filing Condonation of Delay in E-Verification of Income Tax Return after 120 Days After filing the ITR, one is required to E-Verify or Physically Sign the same and then ITR is considered as Filed. This article examines the delay in filing Forms 9, 10, 10B, and 10BB. The CBDT may condone the delay in filing of a return of income if refund arises from the return or assessee has losses to be carried forward or set-off. For cases where assessee could not file their Income Tax returns within time due to genuine hardship, Income Tax Act has section 119(2)(b) read with circular no 09/2015 dated 09-06- 2015,as machinery provision for condonation of delay in filing of return. Feb 3, 2025 · The income tax laws of India have fixed a deadline for filing your income tax return in India, which is generally the 31st of July of the relevant assessment year. An invalid return would mean that the taxpayer has not filed the ITR for a particular assessment year. ” Nov 28, 2024 · The Commissioner of Income-tax, CPC, Bengaluru, shall be vested with the powers for acceptance/rejection of petitions under section 119(2)(b) of the Act seeking condonation of delay in verifying the return of income by sending the ITR-V to the centralized processing Cell (CPC), Bengaluru, within the prescribed time limit. File an appeal with the Commissioner of Income Tax (Appeals) [CIT(A)]. However, no order had been passed on said letter. so kindly give me a format of letter of condonation for delay in filling return before CIT accourding to circular no. Verification of income tax returns is also an important step. Tax officers then review these requests and let you know their decision within a set timeframe. 2)The Condonation Petition should explain how the conditions prescribed in the CBDT's public Circular regarding condonation under S 119(2)(b) are satisfied. The assessee could not file an appeal within allowed time-limit because his books of accounts were impounded by the tax authorities. Jun 3, 2014 · 1)File the refund-return before the Assessing Officer, but with a copy of a Condonation Petition addressed to the CIT. File an Application: Submit a formal condonation request to the relevant income tax authority. 16/2024 dated November 18, 2024, has been issued by The Central Board of Direct Taxes (CBDT). allow filing of income tax return of that period after the end of relevant assessment year. CsIT’)/ Commissioners of Income Tax (‘CsIT’) to admit and deal with the applications for condonation of delay in filing of Form No. New Monetary Limit for Filing Condonation of Delay . Apr 29, 2020 · 8) That delay in filing the appeal is because of a genuine belief of the applicability of a particular provision of the Income Tax Act 1962 which was not accepted by the Original Authority. The significance of these time constraints is manifold, encompassing the timely collection of tax revenues, the precision of tax liability assessments, and the facilitation of refund claims or loss carry forwards. Apr 7, 2017 · Letter to Income Tax Department for Refund Letter to Income Tax Department for Rectification Reasons for income-tax notices Condonation of delay income tax letter format Top File Download: letter to income tax officer; letter to income tax department for change in type of payment; DRAFT RESPONSE TO INCOME TAX NOTICE; letter to tax department Dec 19, 2019 · No this is for FY 2017-18. The return of income can be e-filed on the e-filing portal of Income-tax Dept. The condonation delay request can save the hassle of filing the tax return again. so i wpuld like to know the validity of the reason May 15, 2022 · assessee filed appeal with itat after delay of 1300 days which was due to advise given by ca not to file . The Limitation Act, 1963, sets the time limit for filing a suit or appeal. Nov 26, 2024 · To address the condonation of delay in submitting required income tax forms, Circular No. A condonation request can be filed online by logging into the income tax e-filing portal. Apr 7, 2023 · I request your kind consideration in condoning the delay in filing my ITR and waiving any penalties or consequences that may arise due to the delay. The mere filing of an income tax return does not complete the process. , illness, technical issues). We are assessed to income-tax in Ward as per the abovementioned PAN & GIR numbers. 07/2023 modifies the monetary limits for acceptance or rejection of such applications or claims by different authorities. Nov 18, 2024 · Rama Krishna Ramisetty Vs ITO (ITAT Hyderabad) ITAT Hyderabad held that condonation of delay of 10 years in filing of an appeal allowed since tax cannot be collected without authority of law and rejection of appeal on technical ground of delayed filing would be contrary to Article 265 of the Constitution. doc / . The refund is granted after processing of return at CPC, Bengaluru Jan 15, 2024 · Introduction: Circular No. To mitigate genuine hardship, the CBDT has authorized the Chief Commissioners of Income-tax (CCsIT)/Directors General of Income-tax (DGsIT) to deal It is also applied if the due date of filing income tax return has passed and the taxpayer wants to file those past returns. Such an application for condonation of delay letter format is a short letter which includes all essential points in relation with delay in IT filing. Jan 30, 2024 · Income tax Return Filing: Condonation of delay serves as a relief mechanism for taxpayers facing penalties due to missed deadlines, offering them a chance to avoid financial burdens upon successful request submission on the e-filing portal. Aug 3, 2023 · For example, Mr. Jan 24, 2024 · Income Tax Return Filing: If you missed the deadline for e-verifying or filing your Income Tax Return (ITR) beyond December 31, you can request condonation of the delay to avoid penalties. Consult Professionals: Seek guidance from a tax consultant or legal advisor for compliance. I assure you that the rectification has been made in accordance with the applicable provisions of the Income Tax Act. before the relevant Court(s)/ Tribunal(s)/ Authorities as per the statutory obligation cast by the different Acts passed by the legislature. 9) That I had no intention to jeopardize the interest of the revenue by delaying the filing of the appeal. 1 Further, it is also provided that the Commissioner of Income-tax, Central Processing Centre (CPC), Bengaluru shall be vested with the powers for acceptance/rejection of petitions under section 119(2)(b) of the Act seeking condonation of delay in verifying the return of income by sending the ITR-V to centralized processing Cell (CPC), Bengaluru within the prescribed time limit. The respondent maintains Jan 21, 2016 · 21 January 2016 hello sir/madam I have not file ITR for the A. Mar 11, 2024 · Filing an application under Section 119(2)(b) of the Income Tax Act in India typically involves specific procedures. He missed the due date because he was in a severe accident and bedridden for three months, during which time his focus was on his health recovery. e. The CBDT has issued a circular in regard to a person who has forgotten to file a return, or who wants to carry forward his loses or has tax refund pending, he can file an application for condonation of delay to the concerned authority or Income Tax Commissioner. The CBDT has delegated the powers to admit and process condonation applications based on the length of the delay upto 365 Days to Pro Commissioners of Income Tax ( Pr. Conditions for Granting Condonation of Delay. 10 lakhs but is not more than Rs. txt) or read online for free. It is an application drafted to condone the delay in filing any Petition/ Complaint/ Written Statement/Appeal etc. So, by Jul 8, 2009 · The assessee has filed an application for condonation of delay in filing appeal u/s 253(5) of the Income Tax Act, 1961has requested for condonation of delay in filing the appeal for the reason shown in the accompanying affidavit filed in support of the application for , therefore, the application for condonation of delay is allowed and How to e-Verify Your Income Tax Return; Due Date and Last Date for filing of Income-tax Return; Draft letter sample for filing after due date; Time limit for Verification of ITR; Forgot to file return before the Last date? What now? What are the benefits of filing your Income-tax return with myITreturn? How do I check TDS details from my Form 26AS? May 18, 2018 · Section 139, read with section 119, of the Income-tax Act, 1961 - Return of income - General (Condonation of delay) - Assessment year 2006-07 - Whether where assessee was a genuine taxpayer, it was regularly filing its return and only for relevant assessment year due to sudden crashing of its computer system, it was unable to file returns within prescribed time, and further assessee was also Dec 16, 2024 · Held that, the powers to hear the appeal in terms of Section 107 of the CGST Act would not be subject to filing of an appeal within the time prescribed wherein, it would not in any manner deprive a person from claiming the right of hearing of an appeal by filing of a writ petition before this Hon’ble High Court for condonation of delay. Condonation of delay means the act of condoning the delay in filing an appeal or application by the respective courts. . pdf), Text File (. The circular addresses the condonation of delay under clause (b) of sub-section (2) of section 119 of the Income-tax Act, 1961. CCsIT/CCsIT) shall be vested with the powers of acceptance/rejection of such applications/claims if the amount of such claims exceeds Rs. Subscribe Now! Apr 17, 2024 · The time limit for condonation application: within 6 years from the end of the assessment year for which such application/claim is made. CIT(A), NFAC, erroneously disallowed the condonation of delay, despite there being sufficient causes with the assessee for not filing the appeal in time as per section 249(2) of the Income Tax Act, 1961, which obstructed his action to file the appeal within the Feb 27, 2020 · However, in those cases where the Income Tax Returns have also been filed beyond the due date prescribed under section 139(1) of the Act, the condonation of delay in filing of Form 9A & Form 10 by the Commissioners is not of any help to the assessee, as section 13(9) of the Act, inserted w. Table of ContentWhat is Condonation of Delay in Income Tax May 9, 2022 · Timely filing of income tax returns is the hallmark of a responsible citizen. Request for Condonation: Write an application to the Income Tax Department explaining the delay. have to file condonation. Key components of a tax return letter. Dec 16, 2024 · Comparison of ITR-U (Section 139(8A)) & Condonation of Delay of ITR (Section 119(2)(b)) Updated Income Tax Return (ITR-U)/Belated Return u/s 139(8A): A Detailed Overview Post Budget 2025 CBIC Waives Late Fees for GSTR-9C Filings from FY 2017-18 to 2022-23 Condonation of Delay in ITR Filing under Section 119(2)(b) Vivad Se Vishwas Scheme 2024 Oct 3, 2024 · There are various instances wherein a condonation application is the only option to file a tax return wherein the original due date was missed and additionally, there are claims of relief, losses or refunds which would be available only post filing tax return in time. Dear Sir, Sub. Scroll down to see the step-by-step guide to make a request condonation of the delay of the ITR to avoid penalties. Learn about the mandatory filing deadlines, consequences of delayed filing, and the relief provided by Section 139(8A) of the Finance Act, 2022. Circular No. Use a subject line that clearly states the purpose of the letter, such as “Amended Tax Return for Tax Year 2023. 15. f. Submit a request for condonation of delay in filing the form. 13/2023-Income Tax on 26th July 2023. Condonation of delay is applied in case of any delay in filing the income tax return in India. A return can be verified with DSC, with EVC, Aadhaar based OTP or by sending the signed copy of acknowledgment to CPC Bengaluru. Sign in to the editor with your credentials or click Create free account to examine the tool’s capabilities. This affidavit provides details in support of condoning a delay in filing an appeal before the Appellate Tribunal. Nov 22, 2021 · 1. g. You can get a pardon for your late ITR filing and e-verification by submitting a request to the Income Tax Department. No. Feb 19, 2025 · Condonation of Delay in Income Tax Return (ITR) Filing under Section 119(2)(b) of the Income Tax Act, 1961. : _____ Wd. 10-ID for Assessment Years 2020-21, 2021-22 and 2022-23 where there is a delay of upto 365 days. Nov 2, 2013 · Letter to Assessing Officer for delay in filing of Income tax return, and asking to consider the IT return filed as filed within due date. However in my clients case, after log in . Dec 17, 2024 · 1. The income tax authority allows the delayed claim if a taxpayer has faced genuine hardship that led to a delay in verifying your ITR The CBDT may condone the delay in filing of a return of income if refund arises from the return or assessee has losses to be carried forward or set-off. 31,84,320/- and stated the assessee is not entitled to benefit of the accumulation of income under Section 11(2) of the Income Tax Act. Commissioners of Incometax/Chief Commissioners of Incometax (Pr. Now if ITR has been uploaded but same has not been E-Verified or Physically signed, one has to do the same in 120 Days from the date of Uploading Return. Mar 7, 2025 · – Disclose income linked to tax evasion cases. Feb 3, 2025 · Step-4: Filing of return under section 119(2)(b): Once the order of acceptance of your claim is received, you can file a return u/s 119(2)(b) on the income tax portal for the relevant assessment year, and the ITR form number should be the same as was applicable for that particular assessment year May 31, 2023 · CBDT issued Circular No. Our Case falls within the jurisdiction of Chief Commissioner of Income Tax, ----- Mar 27, 2018 · please provide format for condonation of delay in filing form 112 by ca student - Students Final Go AD-Free with CAclubindia Pro and Daily WhatsApp Updates. Jan 22, 2024 · If a taxpayer happened to miss the December 31 deadline of filing income tax return (ITR), they can request for the condonation of delay on the e-filing portal to avoid the imposition of penalty. Nikesh Krishna Agari is writing to request condonation of delay in filing his income tax return for the assessment year 2021-22. CsIT ) and Commissioners of Income Tax (CsIT) are authorised to handle cases where the delay in filing these forms is up to 365 days. Condonation of delay request can be filed within 6 years from the end of the assessment year for which income tax return has to be filed. Understanding the Nov 18, 2024 · Authority for Admitting Condonation Applications. Aug 2, 2018 · Income tax department has been given wide authority as per above section to accept the request for condonation of delays on income tax e-filing portal. Exclusion from the above limitation period of years: where a refund claim has arisen consequent to a Court order, the period for which any such proceedings were pending before any Court of Law shall be ignored while calculating the said period of 6 years Jan 29, 2021 · We have already filed the appeal before CIT but we are getting the notice for ground of delay. It states that the appeal of the company was disposed of on a specific date by the Deputy Commissioner of Appeals. Condonation of Delay applies if: – You missed filing any return (original/belated) for a financial year. Of course, in the digital age, you can also email a tax return letter. May 2, 2019 · Filing request for condonation of delay. Intended user include tax professionals, Chartered Accountants, and individuals involved in tax litigation. The circular issued by CBDT on October 1, 2024, specifies the new monetary limit for tax refund, carry forward of loss and set-off for filing condonation of delay request as follows: Feb 26, 2024 · What is Condonation of Delay in case of filing of ITR. Income Tax Return & ITR-V is submitted after 120 days of filing the return Jan 8, 2025 · To file a condonation of delay for Income Tax Return (ITR), follow these steps: File ITR: Submit your return as soon as possible. ITO Ward: We are assessed for Income-tax in (your ITO )as per the above-mentioned PAN. Dec 5, 2024 · The Income Tax Act, 1961 allows taxpayers to seek relief for delays in filing Income Tax Returns (ITRs) under certain conditions. The Nov 18, 2024 · a) the Pr. Y. Make these quick steps to modify the PDF Sample letter for not filing income tax return online for free: Sign up and log in to your account. A. Section 5 of the Act states that a court can extend the time limit if the individual filing the suit or appeal can demonstrate a valid reason for not filing within the designated period. While each firm’s letter may vary slightly, there are several key components you’ll want to include. Suppose a person due to any reason could not file his income tax return of previous year 2019-20 on or before 31st March, 2021, then a big question arise whether the income tax return can be filed after 31st March, 2021? Can a person claim his refund of This Circular addresses the condonation of delays in filing income tax returns claiming refunds and carry forward of losses under Section 119(2)(b) of the Income-tax Act, 1961 (IT Act). The change applies to requests filed after October 1, 2024. He is requesting that the delay be condoned so that he can Apr 22, 2024 · For a variety of reasons, it frequently becomes challenging to complete the ITR filing and e-verification process in the allotted time. Oct 30, 2024 · Applications have been received in the Central Board of Direct Taxes (hereafter referred to as ‘the Board’) from co-operative societies claiming deduction u/s 80P of the Act for assessment year 2023-24, regarding condonation of delay in furnishing return of income and to treat such returns as ‘returns furnished on or before the due date Jul 22, 2024 · Tax. Dec 19, 2021 · Section 119(2)(b) provides a remedy for the assessee in genuine cases of delay. , hospitalization, family crises). PAN : _____. Nov 21, 2024 · Template Description This template is designed to assist appellants in seeking condonation of delay when filing an appeal before the Income Tax Appellate Tribunal (ITAT) due to non-operation of Email Id as a new email ID is created. Provide Justification: Include reasons for the delay (e. : Petition for condonotion of delay in filing Return and Claim of Refund. In my view, the first document addresses the condonation of delay in the submission of forms. It is this Order dated 20th October,2023 which has been impugned in the present Petition. 01. Jun 22, 2022 · “Condonation of Delay” as the name suggests is a pardon plea. 3. If you are in such a situation then writing an application for the same is advised. Begin with a formal salutation addressed to the IRS office handling your amendment. however it is The respondent is seeking to condone a 20 day delay in filing a counter affidavit in response to a writ petition filed by the petitioner. Sir/Madam, I am writing this letter to request for condonation of delay in filing Form 10B for Assessment Year [Insert Assessment Year]. You can file Condonation of delay request to the Income Tax Department on the income tax e-filing website under section 119(2)(b). it is present before the court if we get delay in filing any appeal or execution along with affidavit Jul 26, 2023 · The Indian Ministry of Finance, under the Central Board of Direct Taxes, has issued Circular No. The request is to treat the returns as filed within the due date. 04. Commissioners of Income Tax (Pr. The template is a 2-page MS Word file can be use to submit to the respective Income Tax Authorities. Mar 20, 2017 · Income Tax Act gives complete provision to the tax payer to make rectifications in case there are any mistakes in the tax amount calculated or in deductions made. e either electronically or manually. Nov 11, 2023 · I am writing to request your kind consideration for the condonation of the delay in filing my Income Tax Return (ITR) for the Assessment Year [mention the relevant year]. – You have valid reasons for the delay (e. Feb 22, 2023 · Request for Condonation of Delay: I kindly request your office to consider condoning the delay in rectifying the return for AY 2017-18 due to the inadvertent error mentioned above. The Board has prescribed a hierarchy of the competent authorities to condone the delay which shall depend on the amount of claim raised by assessee in the condonation application. Taxpayers will need to submit a condonation request to the income tax department for pardon if they delay e-verifying their income tax return (ITR). ITR Filing 2024: How To Submit A Condonation Request For Delay In E-Verifying Returns. The taxpayer can claim the refund of taxes paid by him by filing an Income-tax return. Mar 2, 2022 · Assessee sought exemption under section 10(10C) by filing a rectification application through a letter. 07/2023 on 31st May 2023, regarding condonation of delay in filing Income Tax refund claims and claims of carry forward of losses under Section 119(2)(b) of the Income-tax Act, 1961. 10 beyond the due date of filing of income tax return as per Section 139(1) of the Income Tax Act. 09/2015 of Income Tax. After recovering, he got busy with work and forgot to file. 13/2023-Income Tax, Dated: 26th July, 2023, addresses the condonation of delay under section 119 of the Income Tax Act, 1961, specifically for returns claiming deduction under section 80P for assessment years 2018-19 to 2022-23. P. later during penalty proceedings , new legal counsel advised to file quantum appeal in itat as legal issues were involved. This update supersedes all previous instructions and sets a structured approach to managing delay-related claims based on defined monetary thresholds. He has to submit an application to National Faceless Appeal Centre for condonation of delay in filing of Appeal before CIT (Appeals). 9A, 10, 10B and 10BB for the Assessment Year (AY) 2018-19 and the following assessment years. : Petition for condonation of delay in filing Return and Claim of Refund/ loss claim. Oct 3, 2024 · This circular introduces new guidelines for condoning delays in filing income tax returns (ITRs) that claim refunds or carry forward losses, as per Section 119(2)(b) of the Income-tax Act, 1961. As we know that every assessee or taxpayer has to file their Income Tax Return within time prescribed i. The time limit to file an appeal with the Tribunal was to expire on a given date. Let’s understand this section a little more in detail. There are total 2 ways to verify it i. You can use the letter format for condonation of delay in filing Income tax explaining the reason for the delay. 2 lakh that he missed out on due to his failure to file a return on account of health problems in FY 2017-18 (AY 2018-19) and has decided to file an application with the Principal Commissioner of Income Tax for permission to file his income tax return for the relevant assessment year. – You need to claim a refund that expired due to the delay. Shyam wishes to seek a refund of Rs. Every step of which requires vigilance. 1 Steps for Online Filing. It lays out comprehensive guidelines on the procedure to be followed by tax Jan 31, 2024 · This article will explain the process of filing a request to condonation under section 119(2)(b) through online and offline methods. Summary: Under Section 119(2)(b) of the Income Tax Act, taxpayers who miss the ITR filing deadline can request a condonation of delay, particularly for claims like refunds, deductions, exemptions, or loss carry-forwards. What is a condonation of delay? Condonation of delay is a legal mechanism to excuse delays in meeting statutory or regulatory deadlines due to valid reasons. The Income tax department allows a taxpayer to file the ITR after the deadline in certain cases. 50 lakhs for any one assessment year. How do I apply for condonation of delay? You need to draft an application detailing the reasons for the delay and submit it to the relevant authority along with supporting documents. Subscribe Now! Nov 26, 2024 · Document Valid Reasons: Prepare documentation explaining the reasons for the delay. Filing a Condonation Application 3. 2010-11 & 2011-12 and want to claim for refund against TDS deducted for the said year. A. only the first option is seen So what does he have to do? Will he need to go personally to concerned CIT of his jurisdiction and file the Condonation request in writing ? Nov 18, 2024 · By an Order dated 20th October, 2023, Respondent No. However, due to a traffic blockage caused by a large procession, the attorney was Apr 7, 2022 · An ITR filed but not verified is treated as an invalid return by the Income Tax Department (ITD). , on it. For cases where assessee could not file their Income Tax returns within time due to genuine hardship, Income Tax Act has section 119(2)(b) read with circular no 09/2015 dated 09-06-2015,as machinery provision for condonation of delay in filing of return. If you miss this deadline, you can file a belated return by 31st December and claim your income tax refund. I am [Insert your name/designation] and the authorized signatory of [Insert the name of the organization], having PAN [Insert the PAN number of the organization]. The move affects taxpayers seeking income tax refunds or carry-forward of losses for past years. The Circular supersedes all earlier guidelines issued by the Central Board of Direct Taxes (CBDT) for handling such applications. Feb 19, 2025 · The refund must arise from excess tax deductions, advance tax, or self-assessment tax. This section allows the Income Tax authorities to condone delays or grant relief in certain situations. 2016, stipulates twin conditions of filing Apr 16, 2018 · kindly provide me an sample letter requestion for condo nation delay under section 119 2 b to CIT - Income Tax Go AD-Free with CAclubindia Pro and get a FREE CCI Coffee Mug. docx), PDF File (. 10-IC or Form No. Condonation request for delay in filing ITR V . Add the Sample letter for not filing income tax return for editing. Interest U/s 234A: Any delay in filing of the ITR, beyond the due date attracts an additional interest at the rate of 1% for every month, or part of a month during the period of delay on the amount of tax remaining unpaid. but the above given is the stated reason. These required income tax forms are- Form No. How to request for condonation of delay in filing ITR-V online. This page provides a detailed explanation of the delay condonation procedure. Here's a general process: Preparing the Application. Later, the assessee decided to seek condonation of delay to file a revised return by applying section 119(2)(b). Nov 20, 2024 · The Central Board of Direct Taxes (CBDT) has revised the time limit for filing condonation of delay requests, reducing it to five years from the end of the financial year. Feb 24, 2020 · 2. If you have also come across a situation like this then writing a formal letter to income tax department for rectification is the right thing to do. 1 rejected the Petitioner’s Application for condonation of delay of 80 days in filing the Return of Income. I am a responsible taxpayer, and I sincerely regret the delay in submitting my ITR. Navigate to 'Condonation Request' under the 'Services' tab. hence appeal with application for condonation and affidavit was filed . Mar 8, 2024 · On the facts and in the circumstances of the case and in law, the order of the Ld. Section 119(2)(b) of the Income Tax Act, 1961, provides for condonation of delay of any application or claims filed under the Act. 2. Prerequisites. In that case, the taxpayer has to file the ITR again. 3)Generally The delay has to be condoned by the CIT. Jan 4, 2025 · The Assessing Officer in this case assessed the income at Rs. Even we met Commissioner, AO multiple times regarding this issue no one was given a proper answ May 21, 2011 · 21 May 2011 Before the Commissioner of Income tax (Appeals) at _____ In the matter of _____Private Limited, Assessment Year _____ Petition for Condonation of delay in filing the appeal Feb 5, 2024 · It can also serve as a form of marketing, reminding clients of your services and fees — and that you’re ready to help. Accordingly, in continuation of earlier Circulars issued in this regard, with the view to prevent hardship to the assessee and in exercise of powers conferred under section 119(2)(b) of the Act, the CBDT has decided that where the application for condonation of delay in filing Form 9A and Form 10 has been filed, and the Return of Income has been filed on or before 31st March of the Feb 16, 2025 · A well-organized letter with a professional tone is essential. Condonation request for filing time-barred returns. Jan 10, 2022 · You can use the letter format for condonation of delay in filing Income tax explaining the reason for the delay. But filing an income tax returns is also a complicated process. Oct 1, 2024 · 2. But we are not able to file the IT return due to lack of DIN no. Login to the Income Tax e-filing portal. Format Of Letter For Condonation Of Delay. Select 'Allow ITR filing after time-barred' and fill in the necessary details. As we are aware, every taxpayer is required to submit their Income Tax Return within the stipulated timeframe, either by 31st July or 31st October, as per the provisions outlined in sections 139(1) and 139(4) of the Income Tax Act, 1961. Nov 2, 2020 · By filing income tax returns earlier, taxpayers can get income tax refund sooner if there is an excess TDS/TCS. Income tax authorities look at many things before letting delays go. Apr 4, 2024 · The AO will go through the documents and issue a letter with DIN and with the same DIN assesse has to file return u/s 119(2)(b) though the return was already filed it’s the requirement to file Return of income one more time u/s 119(2)(b). Jan 3, 2020 · As you aware that after filing of Income Tax Return, the assesse has to complete the verification process within 120 days from the date of filing Income tax Return. 31st July/31st October under section 139(1)/139(4) of Income Tax Act, 1961. I have now filed my ITR, and I am ready to pay any applicable taxes, interest, or late filing fees, if any, as per the Income Tax Act. The respondent argues that additional time was needed to thoroughly review all relevant documents and facts of the case in order to properly counter allegations made by the petitioner and bring all material facts before the court. Aug 7, 2018 · Sub. Condonation of Delay - Free download as Word Doc (. Identify Reason: Determine the reason for filing under Section 119(2)(b Jun 2, 2023 · Discover the process of condonation of delay for non-filing of income tax returns due to genuine hardship under Section 139(1) or (4) of the Income Tax Act. It is 3-page MS Word document. This is a formal request letter template for condonation of delay due to bonafide belief that it was not liable to file return of income, under section 119(2)(b) of the Income Tax Act, 1961. Feb 21, 2025 · Section 119 of the Income Tax Act deals with the condonation of delay in filing the Income Tax Return stands as a special relief provided by the Income Tax Department under section 119(2)(b). so I request you to provide the sample letter for condonation of delay ayusmita (Tax consultant) (5885 Points) 5 days ago · Under Limitation Act, 1963 – Condonation of Delay. Apr 16, 2024 · Section 139 of the Income Tax Act necessitates taxpayers to adhere to designated time frames for filing their returns. Feb 6, 2025 · 06 February 2025 For one of our client for FY 2021-22 we got condonation order u/s 119 from CBDT. Section 119(2)(b) enables individuals and entities to apply for condonation of delay by submitting an application to the appropriate income tax authority based on jurisdiction and monetary limits. i have prepared the letter. Why Is This Important? Oct 17, 2023 · To sum up, file late tax return requests before the assessment year ends. 2021-2022. ndfyu lctp gjjttnn vkuw ezlg ngs yak kqzxny rjnzi xlx eeqvn geywk cjkgql dmuxp tvvojh