Web21 sep. 2024 · The new Rule 12AD shall come into force from 1st November 2024. Under section 170A, the Successor entity has been given the opportunity to furnish a modified return of income within a period of six months from the end of the month in which the reorganization order is issued by any Court. Web22 dec. 2024 · Delay in filing Form No. 10B condoned- Section 11 exemption cannot be denied Facts of the case: The writ applicant is a public charitable trust. The auditor of the applicant filed the audit report in Form No. 10B on 1st September, 2014 and ITR also filed for A.Y. 2014-15 on 27th September, 2014.

Condonation of Delay under Section 5 of Limitation Act - Legodesk

Web20 mrt. 2024 · A taxpayer is always advised to not delay in filing for their tax returns, that is because the earlier you file the sooner you are eligible to get your refund amount. For the Assessment Year... korkers coupon code

INDIAN INCOME TAX RETURN

Web3 sep. 2024 · In this case, you cannot file returns or apply for a condonation of delay. The income tax department may issue a notice under Section 271F for not filing ITR. You … WebCase 2: If the taxpayer has not submitted any return. Follow the steps as below to proceed: Select your applicable Income Tax Return form from the drop-down. Fill in your income details; Select Filed u/s > 119(2)(b) – after condonation of delay; Submit your ITR. Complete the verification of Income Tax Return submitted as the mandatory ... WebSection 119 (2) (b) of the Income Tax Act, 1961, provides for condonation of delay of any application or claims filed under the Act. The income tax authority allows the delayed claim if a taxpayer has faced genuine … manifold schematic