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

The Income Tax Department has enabled condonation of delay applications for Form 10A filings, offering relief to taxpayers who missed deadlines due to genuine reasons. If approved under section 119(2)(b), taxpayers can file their ITR without penalties, interest, or additional taxes.

from Tax-Wealth-Economic Times https://ift.tt/fVAPGbk