Hosted on MSN

ITR filing after deadline: What is condonation of delay request? How it can save you from penalties

The Income Tax Department (i-T) has enabled the application for the condonation of delay u/s 12A in filing of Form 10A at its e-filing portal. What is the condonation of delay? Under section 119(2)(b) ...

Income Tax: What is condonation of delay for filing of ITR?

In case of a genuine hardship, the taxpayer can file a condonation request under section 119(2)(b). If condonation request is accepted, there is no need to pay any interest or penalty for delayed fili ...