The Government of India, through its Ministry of Finance, Department of Revenue, Central Board of Direct Taxes, often issues crucial notifications impacting taxation procedures. A recent corrigendum to Notification no. 02 of 2024 dated 31.03.2024, issued by the Directorate of Systems in Bengaluru, addresses pertinent concerns regarding the verification of income tax returns.
The corrigendum specifically revises a paragraph in the aforementioned notification, clarifying the time limit for verifying income tax returns after uploading. According to the revised paragraph, if the return of income isn’t verified within 30 days from the date of uploading or until the due date for furnishing the return of income as per the Income-tax Act, 1961 – whichever is later – it will be considered invalid due to non-verification.
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
Directorate of Systems, Bengaluru
***
Bengaluru, dated 04.04.2024
Subject: Corrigendum to Notification no. 02 of 2024 dated 31.03.2024 -reg
In the Notification no. 02 of 2024 issued by the DGIT(S), Bengaluru bearing the subject “Time limit for verification of return of income after uploading” dated 31.03.2024: –
2. Paragraph at s. no. 5 shall read as under:
It is further clarified that where the return of income is not verified within 30 days from the date of uploading or till the due date for furnishing the return of income as per the Income-tax Act, 1961 – whichever is later – such return shall be treated as invalid due to non-verification.
Sd/-
(Dr. Zakir Thomas)
Director General of Income-tax (Systems)
Bengaluru
Copy to:
i. PS to FM/OSD to FM/PS to MoS(F)/OSD to Mos(F)
ii. PS to Secretary (Revenue)
iii. Chairman, CBDT & All Members, CBDT
iv. All Pr.CCsIT/ Pr. DGsIT
v. All Joint Secretaries/CsIT, CBDT
vi. C&AG
vii. Addl.CIT(Database cell) for uploading on the departmental website
viii. Guard File
(R. Ilavarasi)
Commissioner of Income-tax(OSD)(HQ & Co-ordination)
0/o Director General of Income-tax (Systems)
Bengaluru
