Section 119(2)(b) of the Income Tax Act, 1961 provides for condonation of delay of any application or claims filed under the Act. The income tax authority will allow the delayed claim, provided, making the claim within the prescribed due date was genuinely out of the control of the taxpayer.
What happens if return is not verified within 120 days?
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.
What is sufficient cause for condonation of delay?
Cites 16 – Cited by 262 – Full Document. State Of Haryana vs Chandra Mani & Ors on 30 January, 1996. mistake of counsel by itself is always sufficient cause for condonation of delay.
Can we file revised return after e verification?
To revise your return, all you need is the acknowledgement number and the date of filing of the original return. One can choose ‘revised return under section 139(5) on the e-filing portal. Make sure to verify your return, without which your revised return will not be accepted by the Department.
Is there a delay in mailing my tax return?
The IRS opened offices in June for core-mission services, including processing paper returns, but workers started on the backlog first. So if you are mailing in your return just now (or by May 17, the extended deadline), you should expect a very long delay.
How long does it take to get a tax refund if you mail in a check?
If you mail in your return, it can take three additional weeks (the IRS has to manually enter your return into the system first). You should count another week into your time estimate if you request your refund as a check rather than a direct deposit.
Is there going to be a tax refund delay in 2020?
So if you are mailing in your return just now (or by May 17, the extended deadline), you should expect a very long delay. The IRS is not even providing an estimate for how long. One tangential thing to remember is that the IRS does not accept tax returns before a certain date. The earliest you could file a 2020 tax return was Jan. 27, 2020.
