Condonation of Delay is the option to save yourself from Income Tax return fine

Condonation of Delay: If any taxpayer has missed the deadline of filing ITR (Income Tax Return) or e-verification of December 31, 2023, then there is a provision to impose penalty on him. If you want to avoid that fine, they still have one last chance. He can avoid the fine by going to the e-filing portal and apologizing.

This small step can save you from fine

Live Mint reports that the provision of 'excuse the delay' may save you from the fine. For this you have been told some online processes. By following these you can file a petition for condonation of delay. As per the rules, to avail the benefit of this provision of Condonation of Delay, you will have to follow the following steps.

How to file condolence of delay

• You will have to login to your account by going to the E-Filing Portal of Income Tax.
• After this you will have to go to the Services option located at the top of the page. By scrolling down the menu, you will get the option of condolence request at the bottom.
• After selecting the condolence request, you will have to choose the option of type of condolence request. After this you will have to click on Delay in Submission of ITR 5.
• After this you will get the option of condolence request. This process will be completed in three phases.
• In the first step you have to select ITR. After this you will have to explain the reason for the delay. In the last step the condolence request will be submitted.

These things will be required to avail the benefit of Condonation of Delay

• The taxpayer should be registered on the e-filing portal.
• Their PAN number and bank account number should be linked to each other.
• The bank account must be valid. Besides, it should also have e-verification.
• After your request is submitted, it should be approved by the Income Tax Department so that you can file the tax return.

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