Understanding Condonation Requests

What is a Condonation Request? Allows taxpayers to seek forgiveness for certain delays or lapses in filing their income tax returns. Types of Condonation Requests: Delay in Submission of ITR-V: For ITR-V submitted after 120 days of filing the return. Filing ITR after Due Date: For filing ITR after the expiration of the due date.

Requirements: Submission of ITR-V and Income Tax Return after the specified time frame. Failure to file ITR before the end of the relevant Assessment Year. Steps to File Condonation Requests: Visit the e-Filing Portal: Login using valid credentials. Select Condonation Request: Navigate to "Services > Condonation Request." Choose Request Type: Select the appropriate option based on the delay reason.

Create New Request: Provide necessary details and reasons for the delay. Upload Documents: Upload supporting documents in PDF or XLS format. e-Verify: Complete the verification process.

Successful Submission: Receive a Transaction ID for future reference. Confirmation message sent to registered email and mobile number. Conclusion: Condonation requests offer a solution for taxpayers facing delays in filing their income tax returns, ensuring compliance with tax regulations.