What is ITR-V, Time Limit, where to submit and what if not submitted within time
What is an ITR-V?
When you e-file without using a Digital Signature/ Aadhaar OTP/ EVC mode, you receive ITR-V as an attachment in the e-mail sent by the Income Tax Department. Since the return you filed was not signed, your filing is still incomplete. To complete the return filing process, follow the below mentioned steps –
Can I submit ITR-V anywhere else in India?
No, you cannot. You have to compulsorily mail your ITR-V in a sealed A-4 envelope to the address mentioned above.
Is there any time limit for submitting ITR-V to Income Tax Department?
Yes, you should mail your ITR-V within 120 days of e-filing your return.
What if I do not submit ITR-V within 120 days?
If you miss submitting your ITR-V within 120 days, your e-filing will be considered as null and void. It means that it will be considered that you have not yet filed your return. In such a case you will have to file revised return, get a new ITR-V and submit the same within 120 days.
Can I send the ITR-V to CPC by Registered Post?
No, The tax payer has to send the duly signed copy of ITR-V to “Centralized Processing Centre, Income Tax Department, Bengaluru 560500” within 120 days of uploading the return by Ordinary post or Speed post ONLY.
I have not received a copy of ITR-V in my e-mail ID or the ITR-V received in my mail ID is not opening, since it is a corrupt file. What should I do?
LOGIN to e-filing account and go to My Account → ‘View e-Filed Returns/Forms ‘ → Income Tax Returns. Click on the Acknowledgement Number and download the ITR-V again of the relevant Assessment Year.
Can more than one ITR-V be sent to CPC in one envelope?
Yes, any number of ITR-Vs can be sent in one envelope. Caution has to be maintained that the barcode printed potion in the ITR-V does not get folded.
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(Republished with Amendments by Team Taxguru)