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CBDT allows one-time relaxation for e-filed ITR verification
By IndianMandarins- 14 Jul 2020
696The CBDT has extended one-time relaxation for verification of tax return for the Assessment Year 2015-16, 2016-17, 2017-18, 2018-19 and 2019-20, which are pending due to non-filing of ITR-V form and processing of such returns. A circular by the CBDT says that a large number of electronically filed ITRs still remain pending with the Income Tax Department for want of receipt of a valid ITR-V Form at CPC, Bengaluru from the taxpayers concerned. CBDT has permitted verification of such returns either by sending a duly signed physical copy of ITR-V to CPC, Bengaluru through speed post or through EVC or OTP. Such verification process must be completed by September 30. "In law, consequences of non-filing the ITR-V within the time allowed is significant as such a return is/can be declared ''Non-est'' in law, thereafter, all the consequences for non-filing a tax return, as specified in the Income-tax Act, 1961 (Act) follow," it said.
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CBDT allows one-time relaxation for e-filed ITR verification
By IndianMandarins - 2020-07-14 10:20:00
The CBDT has extended one-time relaxation for verification of tax return for the Assessment Year 2015-16, 2016-17, 2017-18, 2018-19 and 2019-20, which are pending due to non-filing of ITR-V form and processing of such returns.
A circular by the CBDT says that a large number of electronically filed ITRs still remain pending with the Income Tax Department for want of receipt of a valid ITR-V Form at CPC, Bengaluru from the taxpayers concerned.
CBDT has permitted verification of such returns either by sending a duly signed physical copy of ITR-V to CPC, Bengaluru through speed post or through EVC or OTP. Such verification process must be completed by September 30.
"In law, consequences of non-filing the ITR-V within the time allowed is significant as such a return is/can be declared ''Non-est'' in law, thereafter, all the consequences for non-filing a tax return, as specified in the Income-tax Act, 1961 (Act) follow," it said.
