TMI BlogReduction of time limit for verification of Income Tax Return (ITR) from within 120 days to 30 days of transmitting the data of ITR electronicallyX X X X Extracts X X X X X X X X Extracts X X X X ..... ate 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 provid ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 electronically 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 filing ITR-V to 120 days from the date of uploading the return of income. (Press Release dated 27.01.2010). 3. T ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... spect of such returns. 6. It is further clarified: (i) Where ITR data is electronically transmitted and e-verified/ITR-V submitted within 30 days of transmission of data - in such cases the date of transmitting the data electronically shall be considered as the date of furnishing the return of income. (ii) Where ITR data is electronically transmitted but e-verified or ITR-V submit ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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). 10. This notification will come into effect from 01.08.2022. 11. Hindi version to follow. (Govind Lal) ..... X X X X Extracts X X X X X X X X Extracts X X X X
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