CBDT allows one-time relaxation for e-filed ITR verification

By Sarkaritel July 14, 2020 07:08

New Delhi, July 14 The CBDT has extended a one-time relaxation for verification of e-filed tax returns for assessment years 2015-16 to 2019-20.

A circular by the Central Board of Direct Taxes (CBDT) on Monday said that 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.

The circular, however, clarified that “this relaxation shall not apply in those cases, where during the intervening period, Income Tax Department has already taken recourse to any other measure as specified in the Act for ensuring filing of tax return by the taxpayer concerned after declaring the return as non-est”.

By Sarkaritel July 14, 2020 07:08

Search the Website

Advertiser’s Logos

Water Conservation

पानी का सही से इस्तेमाल करने के लिए आपको कितने पानी की जरूरत है यह पता करना आवश्यक है, उसके बाद आपको वॉटर मीटर का इस्तेमाल करके पानी इस्तेमाल करने की लिमिट तय करनी है।

Sarkaritel.com Interview with U P Singh (IAS), Secretary, Ministry of Jal Shakti & Drinking Water & Sanitation by Ameya Sathaye, Publisher & Editor-in-Chief, Sarkaritel.com