CBDT Allows Condonation of Delay for Filing Forms 9A, 10, 10B and 10BB for AY 2018-19 Onwards

The Central Board of Direct Taxes (CBDT) has issued Circular No. 16/2024, allowing condonation of delay for filing Forms 9A, 10, 10B, and 10BB for Assessment Year (AY) 2018-19 onwards. This circular, dated November 18, 2024, aims to provide relief to taxpayers who faced genuine difficulties in meeting filing deadlines. The forms covered include applications for exercising options under Section 11(1), statements of income accumulation under Section 11(2), and audit reports for charitable/religious trusts and institutions claiming exemptions. The circular empowers Principal Commissioners and Chief Commissioners to handle applications for condonation of delay, ensuring that taxpayers who were prevented by reasonable cause from timely filing can seek relief. This initiative is part of CBDT’s efforts to mitigate taxpayer hardships and ensure compliance with tax regulations. The circular supersedes all previous instructions on this matter and provides a structured approach to handling such delays.