Condonation of Delay in Filing Key Tax Forms for NPOs & Corporates

Vivek Jalan | Last updated: 06 January 2025

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The CBDT has issued new circulars allowing Non-Profit Organisations (NPOs) and corporates to apply for condonation of delays in filing essential tax forms. These forms, including 9A, 10, 10B, 10BB for NPOs and 10-IC, 10-ID for corporates opting for reduced tax rates, are crucial for claiming tax exemptions and benefits. Applications require a reasonable cause and demonstration of genuine hardship, with different authorities empowered to handle delays of up to or beyond 365 days.

The issue is no more res-integra that there cannot be a denial of benefit of sections 11 12 incase the assessee merely fails to file form no. 10B before the due date of filing the return of income, after multifarious Court judgements including High Courts and co-ordinate benches of ITATs. Hence, Th

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About the Author

Vivek Jalan

DESIGNATED PARTNER

Mr. Vivek Jalan is a FCA, Qualified LL.M (Constitutional Law) and LL.B. He is the Chairman of The Fiscal Affairs and Taxation Committee of The Bengal Chamber of Commerce and Industry. He is the Convenor on Indirect Taxes of the CII- Economic Affairs and Taxation Committee (ER); He is also a visiting faculty for Indirec ... Read more

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