The Income Tax Department has reduced the time limit for e-verification or hard copy submission of the ITR-V. The time limit for e-verification or submission of ITR-V will be 30 days starting this month.
Till now, the time period to e-verify the ITR or send the ITR-V through post, after filing of an Income Tax Return was 120 days from the date of the uploading of the ITR. In case the e-verification of the ITR or hard copy ITR-V is sent through post beyond the time-limit of 30 days, the return shall be treated as late or beyond the due date.
“It has been decided that in respect of any electronic transmission of return data on or after the date of this notification comes into effect, the time-limit for e-verification or submission of ITR-V shall now be 30 days from the date of transmitting/uploading the data of return electronically,” the notification said.
“The date of dispatch of speed post of duly verified ITR-V shall be considered for the purpose of determination of the 30 days period, from the date of transmitting the date of Income-tax return electronically,” it added.
Those who wish to send the ITR-V in a hard copy can send it through the usual address through “speed post only” to: Centralised Processing Centre, Income Tax Department, Bengaluru-560500, Karnataka.
