Whether there is provision/notification for condonation for delay in filing Form 10-IF for availing reduced tax @ 22% under section 115BAD to housing societies. We have filed ITR5 for AY 2022 before 31.07.2022 but mandatory application in Form 10-IF could be filed on 20/08/2022. Can it be condoned? Without this system it is not accepting the revised ITR5.
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Condonation for delay in filing Form 10-IF for availing reduced tax @ 22% u/s 115BAD
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To condone the delay in filing Form 10-IF for section 115BAD, you must file a petition under section 119(2)(b) to your jurisdictional PCIT/CIT explaining the genuine hardship, supported by evidence. If approved, you will receive an order which allows you to proceed with filing the form on the e-filing portal.
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