WebCircular No. 7-/2 021 North Block, New Delhi, the ;J{, March, 2024 Sub: Condonation of delay under section 119(2)(b) of the Income-tax Act, 1961 in filing of Form No. lOB for years prior to AY 2024-19-Reg. It has been brought to the notice … WebFeb 24, 2024 · Section 119 (2) (b) of the Income Tax Act, 1961 provides relief to taxpayers who face genuine difficulties in complying with the provisions of the Act. The benefits …
Section 119(2)(b) in The Income- Tax Act, 1995 - Indian …
WebThe exclusion provided by section 119 applies only to meals and lodging furnished in kind by or on behalf of an employer to his employee. If the employee has an option to receive additional compensation in lieu of meals or lodging in kind, the value of such meals and lodging is not excludable from gross income under section 119. can sinuplasty case cereborspinal
Procedure for filing application u/s. 119(2)(b) of it act Income Tax
WebApr 11, 2024 · Similarly, under the new tax regime, taxpayers can claim the benefit of employer contributions to their National Pension System (NPS) account under section … The term ‘income tax return’ means the return of the taxes imposed by subtitle A of the Internal Revenue Code of 1986. If an individual filed before November 29, 1977, an amended return for any taxable year, such amended return shall be treated as the return for such taxable year. See more In determining whether meals or lodging are furnished for the convenience of the employer, the provisions of an employment contract or of a State statute fixing … See more All meals furnished on the business premises of an employer to such employers employees shall be treated as furnished for the convenience of the employer if, … See more In the case of an individual who is furnished lodging in a camp located in a foreign country by or on behalf of his employer, such camp shall be considered to be … See more WebSection 119 (2)(b) provides that CBDT can authorize income tax authority to admit an application or claim of any refund after the expiry of period specified by the Act. How do you write a condonation delay? It is, therefore, most respectfully prayed that this application may kindly be allowed and the delay of _____ days in filing the _____ may ... can sinus affect teeth and gums