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The Central Board of Direct Taxes reduces the time limit for e-verification or submission of form ITR-V from 120 days to 30 days. This change applies to any electronic transmission of return data on or after the date this notification comes into effect. Assessees must e-verify or submit form ITR-V within 30 days of transmitting the data electronically. Where the return data is electronically transmitted before the date on which this notification comes into effect, the earlier time limit of 120 days continues to apply. Where assessees submit form ITR-V beyond the time limit of 30 days, the date of e-verification or ITR-V submission is treated as the date of furnishing the return.
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Notification No. OS Of 2 022 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Directorate of Systems
New Delhi, dated : 29.07.2022
Subject:- Reduction of time limit for verification of Income Tax Return (ITR) from within 120 days to 30 days of transmitting the data of ITR electronically- reg.
The Central Board of Direct Taxes (CBDT) vide Circular No. 3/2009 dated 21 05-2009 notified the new Income Tax Return (ITR) forms for Assessment Year 2009-10 and provided the facility of furnishing ITR in the following manner:
Further as per clarifications provided in para 9 of the said circular, the date of transmitting the data electronically will be the date of furnishing the return if the form ITR-V is submitted within 30 days after the date of transmitting the data electronically. In case, form ITR-V is submitted after the above-mentioned period, it will be deemed that the return in respect of which the form ITR-V has been filled was never submitted and it shall be incumbent on the assessee to electronicaly re- transmit the data and follow it up by submitting the new form ITR-V within 30 days. Later, the CBDT extended the time-limit for fling ITR-V to 120 days from the date of uploading the return of income. (Press Release dated 27.01.2010)
The CBDT vide Notification no. 02/2012/F.No.142/27/2011-SO (TPL) dated 04.01.2012, notified the Centralised Processing of Returns Scheme, 2011 (CPR Scheme 2011). Rule 14 of CPR Scheme 2011 delegates the power to specify the mode, manner and time for verification of ITR-V.
It has been decided that in respect of any electronic transmission of return data on or after the date 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 of income electronically.
It is clarified that where the return data is electronically transmitted before the date on which this Notification comes into effect, the earlier time limit of 120 days WOuld continue to apply in respect of such returns.
It is further clarified:
Centralised Processing Centre, Income Tax Department, Bengaluru - 560500, Karnataka.
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 data of Income-tax return electronically.
This Notification shall be applicable for electronically transmitted Income-tax return data filed on the e-filing portal (www.incometax.gov.in). This issues by the power conferred to the undersigned under the Rule 14 of Centralized Processing of Returns Scheme 2011 (CPR Scheme 2011) dated 04.01.2012, notified by the CBDT Notification No. 02/2012- F.No. 142/27/2011-SO(TPL).
This notification will come into effect from 01.08.2022.
Hindi version to follow.
Conda (Govind Lal) Director General of Income-tax(Systems)
Copy to:
Ramesh Krishnamurthi ADG(S)-3, New Delhi
