The Central Board of Direct Taxes (CBDT) has decided to reduce the time limit for e-verification or submission of ITR-V in respect of any electronic furnishing of return of income. The CBDT has notified that the time limit for e-verification or submission of ITR-V shall now be 30 days from the date of filing of return of income. The earlier taxpayer was allowed 120 days to verify e-filed returns.
The revised time limit of 30 days shall be applicable for ITR filed on or after 01-08-2022. The earlier time limit of 120 days will continue to apply if the return of income is electronically filed before 01-08-2022.
The CBDT has also clarified that:
(a) Where ITR is e-verified/ITR-V submitted within 30 days from the date of filing of the electronic return, the date of filing of return of income shall be considered as the date of furnishing of return of income.
(b) Where ITR is e-verified/ITR-V submitted beyond the time limit of 30 days from the date of filing of the electronic return, the date of e-verification/ITR-V submission shall be considered as the date of furnishing of return of income. Accordingly, all consequences of late filing of return shall follow.
Some taxpayers choose to verify the returns offline by sending the ITR-V via speed post to the Income Tax department. The notification clarified that the taxpayers should submit the duly verified ITR-V in the prescribed form and in the prescribed manner by speed post only to the below address-
Centralised Processing Centre,
Income Tax Department,
Bengaluru – 560500, Karnataka.
In such cases, the date of dispatch of speed post of duly verified ITR-V will be considered for determining the 30 days period, from the date of filing ITR electronically.
It is to be noted that these rules apply only to the Income Tax returns filed electronically.
You can e-verify your Income Tax return online in a few minutes on the Income Tax e-filing portal. If your Aadhaar is linked to your PAN, you can e-verify by generating Aadhar OTP and verify your return in just two steps. You can avoid the hassles of verifying your ITR physically by speed posting it to the Income Tax department. There are various ways in which you can verify your ITR online. You can select any of the modes of e-verification as mentioned below:
By generating Aadhaar OTP
Using existing Aadhaar OTP
Generating Electronic Verification Code (EVC)
through a bank account
through the Demat account
through Net-banking
Using existing EVC
Using Digital Signature Certificate (DSC)
If you have any clarifications or questions about the Information on verifying ITR, contact us and we will assist you.