ITR Filing Process Complete only after Successful e-Verification: CBDT [Read Notification]

The Central Board of Direct Taxes (CBDT) provided certain clarifications to the time limit for e-verification of Income Tax Returns ( ITRs). It has stated that ITRs must be e-verified within 30 days of uploading, or they will be deemed invalid.  The notification shall come into effect from 1st April 2024.

In compliance with Rule 14 of the Centralised Processing of Returns Scheme, 2011, the Directorate General of Income Tax (Systems) released Notification No. 05 of 2022 on July 29, 2022. This notification specifies the timeframe for verifying ITRs as 30 days from the date of electronically transmitting the ITR data.

Clarifications provided within the notification are as follows:

1. If the return of income is uploaded and e-verification or ITR-V submission is completed within 30 days of uploading, the date of uploading will be considered as the date of furnishing the return of income.

2. However, if the ITR is uploaded but e-verification or ITR-V submission occurs after 30 days, the date of e-verification or ITR-V submission will be treated as the date of furnishing the return of income, subject to the consequences of late filing under the Act.

The duly verified ITR-V must be sent to the Centralised Processing Centre, Income Tax Department, Bengaluru – 560500, Karnataka, via ordinary or speed post, or any other prescribed mode.

The date of receipt of the duly verified ITR-V at the CPC will be considered for determining the 30-day period from the date of uploading the return of income.

Failure to verify the return of income within the specified timeframe will render the return invalid. It is emphasised that immediate e-verification upon filing the return is highly recommended for the convenience of taxpayers.

This notification is applicable to the returns of income uploaded or submitted on the e-filing portal (www.incometax.gov.in) and is issued under the authority vested in the undersigned by Rule 14 of the Centralised Processing of Returns Scheme, 2011 (CPR Scheme 2011), as notified by CBDT Notification No. 02/2012-F.No. 142/27/2011-SO(TPL) dated January 4, 2012.

Support our journalism by subscribing to Taxscan premium. Follow us on Telegram for quick updates