Tally for CAs in Industry Silver Edition (Single User) Tally Renewal (Auditor Edition) Need Tally for Clients? (Tie-up with us!!!)
Open DEMAT Account with in 24 Hrs and start investing now!
Direct Tax »
Open DEMAT Account in 24 hrs
 ITR not processed yet? Make sure you check and resolve your Tax Credit mismatch, urges Income Tax Dept
 The PF will be taxable at your marginal rate of tax
 ITR Filing Deadline: Here's how much fine you will have to pay for missing tax return due date
 Missed ITR verification deadline? Check how to file condonation of delay request after 120 days
 Directions under Section 35 A of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) Deccan Urban Co-operative Bank Ltd., Vijayapur
 How to save Income Tax? Top tips, options Home loan, education loan, NPS, APY, 80CCD, 80C, house rent and more
 Failed to submit investment proofs? You can still save taxes ITR filing
 Income Tax Dept. reminds due date for filing ITR require to be Audited for AY 2020-21
 Notification No.14/2021 CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS
 Will last date for ITR Filing be extended again? Know what CBDT said ITR filing FY 2019-20
 SC tells CBDT to address NRI tax fears
 How will TDS be applied Tax on EPF interest
 How the Budget hits your PF Tax on PF interest will change the way we invest in it
  How will TDS be applied Tax on EPF interest

Missed ITR verification deadline? Check how to file condonation of delay request after 120 days
February, 23rd 2021

Did you know that filing the Income Tax Return (ITR) is not the end of the tax process? It is important that you verify the ITR within 12o days of filing it, failing which the income tax department can consider the ITR invalid. But what if you missed the 120-day deadline for verification? Will you be required to file the ITR all over again? Worry not. The condonation delay request is a way out.

Let's first take a look at ways in which you can verify your ITR before moving on to the conditions in which you can file the condonation delay request and how you can file the condonation request in case you miss the 120-day verification deadline.

 

You can verify ITR through the following two ways:

-Electronically

-Manually

Electronic Verification code or Aadhaar OTP are the ways through which taxpayer can verify ITR in an electronic way. The verification through the manual way can be done by submitting the signed copy of ITR V acknowledgement to CPC Bengaluru through regular, speed or registered post.

What is a condonation request?

If you faced genuine hardship that led to a delay in your verifying your ITR within 120 days of filing then you can file at condonation delay request. The request will clearly have to state the reason why the ITR was not verified on the income tax e-filing website with the prescribed time limit.

How to file 'Condonation Request'

-Login to ‘e-Filing’ Portal www.incometaxindiaefiling.gov.in

-Go to ‘My Account’ menu

-Select the ‘Request Type’ as ‘New Request’

-Select the ‘Request Category’ as ‘Condonation Request’

-Choose the suitable option located under ‘Response’ column and click on Submit.

How to view the status of a submitted Condonation request

-Login to ‘e-Filing’ Portal www.incometaxindiaefiling.gov.in

-Go to the ‘My Account’ menu

-Click on ‘Service Request’

-Select the ‘Request Type’ as ‘View Request’

Home | About Us | Terms and Conditions | Contact Us
Copyright 2021 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting