The income tax portal for e-filing has stated that the Income Tax Returns s filed on or before 31st July 2022 need to be verified within 120 days. An advisory issued on the portal further stated that the returns filed after 31st July 2022 need to be verified within 30 days.
“ITRs filed after 31st July 2022 need to be verified within 30 days. Refer to Directorate of System’s notification no 05 of 2022 dated 29th July, 2022. ITRs filed on or before 31st July 2022 need to be verified within 120 days. Referto the Directorate of System’s notification no 05 of 2022 dated 29th July, 2022,” the income tax portal said.
Earlier, a notification issued by the CBDT on 29th July stated that “in respect of any electronic transmission of return data on or after the date this Notification comes into effect, the time-limit for everification or submission of ITR-V shall now be 30 days from the date of transmitting/uploading the data of return of income electronically.”
“It is clarified that where the return data is electronically transmitted before the date WOuld on which this Notification comes into effect, the earlier time limit of 120 days continue to apply in respect of such returns,” the notification added.
Where ITR data is electronically transmitted and e-verified/lTR-V submitted within 30 days of transmission of data – in such cases the date of transmitting the data electrically shall be considered as the date of furnishing the return of income.
Where ITR data is electronically transmitted but e-verified or ITR-V (i) submitted beyond the time-limit of 30 days of transmission of data – in such cases the date of e-verification/ITR-V submission shall be treated as the date of furnishing the return of income and all consequences of late filing of return under the Act shall follow.
Duly verified ITR-V in the prescribed format and in the prescribed manner should be sent by speed post only to 7. Centralised Processing Centre, Income Tax Department, Bengaluru – 560500, Karnataka.
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