9911796707
TMI BlogCondonation of delay under section 119(2)(b) of the Income-tax Act, 1961 in filing of Form No, 10 and Form No. 9A for Assessment Year 2018-19 and subsequent yearsX X X X Extracts X X X X X X X X Extracts X X X X ..... nation of delay under section 119(2)(b) of the Income-tax Act, 1961 in filing of Form No, 10 and Form No. 9A for Assessment Year 2018-19 and subsequent years-Reg. Under the provisions of Section 11 of the Income-tax Act, 1961 (hereafter 'Act') the primary condition for grant of exemption to trust or institution in respect of income derived from property held under such trust or institutio ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rescribed Form No. 10 electronically to the Assessment Officer within the due date specified under section 139(1) of the Act. 3. Further, where the income from property held under trust or institution applied to charitable or religious purposes falls short of 85% of the income derived during the previous year for the reason that the income has not been received during that year or any other reaso ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... application filed by the trust or institution for condoning the delay and in exercise of the powers conferred u/s 119(2) (b) of the Act, the Central Board of Direct Taxes has already authorized the Commissioners of Income-tax to admit belated applications in Form No. 9A and Form No. 10 in respect of Assessment Years 2016-17 and Assessment Year 2017-18 where such Form No.9A and Form No. 10 are fil ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s in Form No.9A and Form No. 10 within the stipulated time. Further, in respect of Form No. 10, the Commissioners shall also satisfy themselves that the amount accumulated or set apart has been invested or deposited in any one or more of the forms or modes specified in sub-section (5) of Section 11 of the Act.
(Gulzar Ahmad Wani)
Under Secretary (ITA-I) X X X X Extracts X X X X X X X X Extracts X X X X
|
