The last opportunity to file ITR for the financial year 2022-23 was December 31. If you missed the initial deadline on July 31, 2023, December 31 was your last chance. But don’t worry if you missed that too – there’s still a way to avoid trouble with the Income Tax department.
Filing your Income Tax Returns (ITR) is an essential task, and missing the deadline can lead to various consequences. The last opportunity to file ITR for the financial year 2022-23 was December 31. If you missed the initial deadline on July 31, 2023, December 31 was your last chance. But don’t worry if you missed that too – there’s still a way to avoid trouble with the Income Tax department.
Here Is How You Can Avoid Tax Trouble
Request for Condonation of Delay
If you have valid reasons for missing the deadline, you can apply for a condonation of delay from the Central Board of Direct Taxes (CBDT) under Section 119 of the Act. This provision offers relief to taxpayers who file their ITR late. To avail of this, submit a request for condonation of the delay through the e-filing portal.
The income tax officers will review your request, and if they find it acceptable, you get a second chance to file your ITR. While there’s no specific deadline for the condonation request, it’s crucial to file it as soon as you realise the delay.
However, there’s no guarantee that your condonation request will be accepted. It’s entirely at the discretion of the Income Tax Department. If they believe your reasons for the delay are genuine, they might grant you a condonation of the delay.