CBDT's circular on copndonation of delay in filing returns and c/f set off losses

0 comments Thursday, June 11, 2015
The CBDT has issued Circular No. 9/2015 dated 9th June 2015 to deal with the issue of condonation of delay in filing refund claim and claim of carry forward of losses under section 119(2)(b) of the Income-tax Act. The said Circular contains containing comprehensive guidelines on the conditions for condonation and the procedure to be followed tor deciding such matters. 

The most important is that the application for condonation of delay in filing the returns where refund is claimed and for carry forward and set off of losses can now be filed wthin 6 years from the end of the relevant assessment year.

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Demand on account of mismatch of TDS credit cannot be enforced coercively

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No. 275/29/2014-IT-(B)

Government of India

Ministry of Finance

Department of Revenue

Central Board of Direct Taxes

Dated New Delhi, the 1st June, 2015
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