Section 119 of the Income-tax Act, 1961 - Instructions to subordinate authorities - Condonation of delay in filing return of income under section 119(2)(b) in case of applicants who have made investment in 8% Savings (Taxable) Bonds, 2003 issued by Government of India and opted for scheme of cumulat https://www.taxtmi.com/circulars?id=11502 Condonation of delay in filing returns is allowed where an investor in Government savings taxable bonds opted for cumulative interest on maturity but accounted interest on a mercantile basis and the intermediary bank deducted tax at source on the entire interest at maturity without apportioning accrued interest/TDS across financial years; other conditions of the relevant CBDT instruction continue to apply. en-us Wed, 22 Feb 2012 00:00:00 +0530 Thu, 23 Feb 2012 17:50:00 +0530 TaxTMI RSS Generator Section 119 of the Income-tax Act, 1961 - Instructions to subordinate authorities - Condonation of delay in filing return of income under section 119(2)(b) in case of applicants who have made investment in 8% Savings (Taxable) Bonds, 2003 issued by Government of India and opted for scheme of cumulat https://www.taxtmi.com/circulars?id=11502 Condonation of delay in filing returns is allowed where an investor in Government savings taxable bonds opted for cumulative interest on maturity but accounted interest on a mercantile basis and the intermediary bank deducted tax at source on the entire interest at maturity without apportioning accrued interest/TDS across financial years; other conditions of the relevant CBDT instruction continue to apply. Circulars Income Tax Wed, 22 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/circulars?id=11502