My father suffered a stroke 4 months ago and he is still recovering. I found out that he has not filed his ITR for this assessment year. Is there any way to avail an extension of date for filing the return?
Hi @Rakshana_J, you can file a condonation of delay under section Section 119(2)(b) a statutory provision for condonation of late filing of returns in circumstances when the assesses could not file their Income Tax returns on time due to genuine hardship.
Let me know if you need face any further issues. 
I am a full time intraday professional trader in share market business .
f.y. 20.21 ; a.y. 21.22 and f.y. 21.22 a.y. 22.23 .
GROSS INCOME is Zero . for both the above years .
All the transactions are 100% online bank . for both the above years .
Loss of around 4 lakhs . each year .
Turnover less than 1 crore , each year .
f.y. 20.21 ; a.y. 21.22 : i filed the returns in December 2021 . also received the tds refund in feb 2022 .
but . i forgot to file and declare the loss in the share market âbusiness headâ .
My Question is :
Instead of condonation request .
If i go via rectification "return data correction "
What is the difference?
Rectification Return can be filed when there is a mistake in the ITR filed that is âapparent on recordâ. If you have missed to report losses in the ITR, it cannot be classified as a âmistake apparent on recordâ. Condonation Request can be filed in case of delay in filing of ITR.
31st March 2022 was the last date to file Belated Return u/s 139(4) or Revised Return u/s 139(5) for FY 2020-21 (AY 2021-22). Thus, you cannot file the Revised ITR now since the due date has already passed.
You can try filing a Rectification Return on the income tax portal. If it is accepted, your ITR will then be re-processed. However, if it is rejected, you can file a condonation request for filing ITR after due date. If the reason is genuine and the Assessing Officer permits, you may file a revised return.
Read more:
Steps to file Rectification under Section 154 of Income Tax Act
Steps to file Condonation Request
My tax consultant informed me that some of the Forms for ITR Filing are still not available in the new portal of the Income Tax site.
When will the forms be available?
Hey @Nadia, the ITD is moving to the new IT portal, all ITR forms should be out shortly. However, there is no communication on the date so far.
However, you can read about the changes in ITR form for this year here:
Is it fine to pay directly online by selecting Challan No.300, and then provide the challan no. and acknowledgement on Quicko? Quicko has the separate option of âPay Onlineâ, after clicking it redirects to IT portal!
Please let me know!
i want to file rectification condonation for the a.y. 2021~22 , as i forgot to show the loss .
BUT , ITR portal is not allowing me to proceed ahead .
waht is the problem ?
Unable to file condonation request u/s 119 (2) (b) online as the request tab under this section is not available on my profile under services tab
You should be able to file a condonation of request for the following reasons:
- Delay in submission of ITR-V
- Allow ITR filing after time-barred
Based on your records, the available option shall be displayed on the Condonation Request screen in your income tax account.
If youâre unable to view the option, you can raise a grievance with the tax department.
pls see the attachment enclosed herewith .
why donât i find : the option : 139(1) Return filed on or before due date :
Hi @HIREiN
Yes, the option for 139(1) is not showing as yet Income Tax Portal has not enabled filing income tax returns for AY 2023-24.
when will it start ?
Hi @HIREiN
As per the recent budget 2023, FM announced that ITD wants to enable filing as well as the processing of ITR to be quick and seamless.
So, it is expected that filing for FY 2022-23/AY 2023-24 shall begin soon.
Hi
1. Not able to file
I opened the IT website to file my tax for FY2022-2023. But not able to see AY2023-2024 option in the dropdown. Is it for me only or is there any upcoming date declared to file/ or make AY2023-2024 accessible?
2. Switch to new regime
I did some intraday trades in FY2022-2023 and i am an employee in private company. So should I file ITR-3?. So far in my previous years, I had filed only ITR-1. So this time, will I be able to file ITR- 3 when AY 2023-2024 opens?
3. New regime expenses
Since I am doing intraday trades as well. Will I be able to claim any expenses under new regime?If yes, please provide guidance.
Hi @Justin
Here are the answers to your questions.
-
As per the recent budget 2023, FM announced that ITD wants to enable filing as well as the processing of ITR to be quick and seamless.
So, it is expected that filing for FY 2022-23/AY 2023-24 shall begin soon. -
Yes, you will be required to file ITR 3 as you will be reporting intraday which is a speculative business income.
-
Yes, you can claim all the expenses incurred for intraday trading as a business expense even under the new regime. Read more about the List of Expenses a Trader can claim.
Quicko automatically fetches your ITR Form Number upon entering the income situation, while filing your return on Quicko.
Hope this helps.
while filing the ITR3 ; how can i opt for between the new tax regime and the old tax regime ?
will the option come before filling up the details or after filling up the details ?
Hi @HIREiN
You are required to file form 10IE to switch regimes. This form needs to be filed before the due date of filing of return. While filing an Income Tax return, you will get this option to choose a regime under personal details.
On Quicko, you can switch regimes before or after entering all the incomes, deductions & tax credits details.