| Question And Answer | |
|---|---|
| Subject: | HOW TO APPLY CBDT FOR DELAY CONDONATION IN FILING FORM NO 10IF |
| Category: | Income-Tax |
| Querist: | SAURASHTRA GRAMIN BANK |
| Answered by: | Law Intern |
| Tags: | condonation of delay, Form 10-IF, Section 115BAD |
| Date: | June 4, 2026 |
Form No. 10-IF is for co-operative societies opting for the concessional tax regime under Section 115BAD. Form 10-IF must be filed on or before the due date for filing the return of income u/s 139(1) in the first year of exercising the option. The option is irrevocable once exercised.
To apply for condonation of delay in filing Form No. 10-IF, follow the process u/s 119(2)(b) of the Income Tax Act. File a Petition to the jurisdictional PCIT + AO giving detailed reasons for the delay (e.g., technical glitch, bona fide mistake, illness, change in management, etc.). Provide supporting evidence (medical certificates, screenshots, affidavits, etc.).
The Petition will have to be submitted physically or via email to the PCIT/CIT office. There is no dedicated online portal for this form’s condonation.
Success depends heavily on the strength of reasons and evidence. Vague applications may be rejected.