New update on ITR e-verification

In this post, We’ll discuss the latest update on ITR-filing. The Central Board of Direct Taxes has reduced the time period from 120 days to 30 days for verifying ITRs filed after August 1, 22. Let’s look into it in detail:

As of August 1, 2022, the Central Board of Direct Taxes (CBDT) has reduced the time limit for verifying the ITR filed from 120 days to 30 days. In a notification on July 29, the CBDT announced that the time limit for e-verifying ITRs filed before 31 July 2022 will remain 120 days, but the time limit for e-verifying ITRs filed after 31 July 2022 will be reduced from 120 days to 30 days. 

In a statement, CBDT stated that e-verification/ITRV submissions after 30 days would be considered as ‘Delayed filing’ and not invalid.

The CBDT stated that the time limit for e-verification or submission of ITRV must be 30 days from the date of transmitting/uploading the data of return of income electronically, with respect to any electronic transmission of return data on or after the date of the notification coming into effect.

According to the CBDT, ITR e-verified beyond 30 days will be treated as filed on the date of e-verification and all the consequences of late filing under the Act will apply.

When ITR data is electronically transferred and e-verified/ITRV submitted after the 30-day window for data transmission has passed – in such cases the date of e-verification/ITRV submission shall be treated as the date of furnishing the return of income and all consequences of late filing of the act shall follow. 

According to CBDT, if the return date is electronically transmitted before when the notification comes into effect, the earlier time limit of 120 days will continue to apply in respect of such returns 

Duly verified ITRV in the prescribed format and in prescribed manner should be sent by speed post only to :

Centralised Processing Centre,

Income Tax Department,

Bengaluru -560500, Karnataka, INDIA.

The 30-days period will be considered from the date of dispatch of ITRV through Speed Post, from the date of electronic transmission of ITR at ITD website. I.e. The 30-days period will be taken into account from the day the ITR was filed to the date the ITRV was dispatched via Speed Post.

This notification shall be applicable for electronically transmitted Income-tax return data filed on the e-filing portal (www.incometax.gov.in).

This post  has come to an end. Share your views and opinions with us in the comment section below.