ITR Submission: ITR Electronic Verification Cuts Deadline. What you need to know

The Central Commission for Direct Taxes (CBDT) in a notice said the income tax return (ITR) verification period has been reduced to 30 days (from 120 days) when transmitting ITR data electronically. This notice will take effect from today, August 1.

“Electronic data will be the date of return information if the sample ITR-DRAW submitted within 30 days of transmitting the data in electronic form. In the event that an ITR-V form is submitted after the above mentioned time period, it will be deemed to be a declaration against a completed ITR-V form that was never submitted and it will be liable to the recipient. retransmit and track that data by submitting a new form ITR-V within 30 days,” CBDT said in its latest announcement.

“This notice will apply to electronically transmitted Income 9 tax return data filed on the electronic filing portal (,” it added.

Deadline for income tax return by taxpayers who do not have to audit their accounts for the fiscal year ending March 31, 2022 which is July 31. Over 67.97 million income tax returns have been filed as of 10 p.m. Sunday Japan, the Income Tax department said.

According to the latest announcement, the income tax department has clarified these points more clearly.

  • It has been decided that for any transmission of returned data in electronic form on or after the effective date of this Notice, the period for verification or submission of ITR-V will be 30 days from the date of transmission. / upload electronic income return data.
  • It should be clarified that if returns are transmitted electronically prior to the effective date of this Notice, the previous 120-day period will continue to apply to such returns.
  • In the case of electronically transmitted and electronically verified ITR data/lTR-V sent within 30 days of data transmission – in such cases, the date of allied data transmission will be considered as the date of transmission. provide income. Where ITR data is transmitted electronically but has been electronically verified or ITR-V.
  • Where ITR is filed past the 30-day deadline from data transmission – in such cases the date of electronic verification/submission of ITR-V will be deemed to be the date of income provision and any consequences of the submission slow return under the Act will follow.
  • Validated ITR-V Express Posting Dates will be reviewed for determination within a period of 30 days from the date of electronic transmission of Income Tax Return data.

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