As we all are aware that, if the return is electronically furnished under a digital signature, the tax-payer is not required to furnish the Form ITR-V with the Income-tax Department as a follow up to the electronic transmitting of data in the return. Similarly, any return which is digitally signed by the assessee and filed with an E-Return Intermediary (ERI), who, in turn, submits the return to the Income Tax Department under his digital signature, will also be deemed to have been filed under a digital signature of the assessee and no Form ITR-V is required to be submitted. In such cases, the date of electronic transmission of the data in the return shall be the date of furnishing the return.
It has been further provided that if the assessee does not use a digital signature for electronically transmitting the data, also not used any other mode like EVC or Adhaar OTP to E verify his return, he is required to follow-up the electronic transmission of the data by submitting the Form ITR-V with the Income-tax Department as verification of the electronic filing of the return. In such a case, the date of transmitting the data electronically will be the date of furnishing the return if the Form ITR-V is furnished within 120 days after the date of transmitting the data electronically. In case, Form ITR-V, is furnished after the above mentioned period, it will be deemed that the return in respect of which the Form ITR-V has been filed was never furnished and it shall be incumbent on the assessee to electronically re-transmit the data and follow it up by submitting the new Form ITR-V within thirty days.
The Circular also states that since the Form ITR-V is bar-coded, assessee is advised not to fold the same and post it in A4 size envelope. Also ensure that the ITR V acknowledgement has to be signed in BLUE ink only and that to within given box. The assessee shall furnish the Form ITR-V to the Income-tax Department by mailing it to “Income Tax Department – CPC, Post Box No – 1, Electronic City Post Office, Bangalore – 560100, Karnataka” within thirty 120 days after the date of transmitting the data electronically. The Post Box shall deliver all the Form ITR-V to the Centralized Processing Centre (CPC) of the Income-tax Department in Bangalore. Upon receipt of the Form ITR-V, the CPC shall send an e-mail acknowledging the receipt of Form ITR-V. The e-mail shall be sent in due course to the e-mail address furnished by the tax-payers in his return. No Form ITR-V shall be received in any other office of the Income-tax Department or in any other manner.
Some Frequently Asked Questions regarding ITR-V
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)