CBDT allows one-time relaxation for e-filed ITR verification
The Central Board of Direct Taxes (CBDT) has extended a one-time relaxation for verification of e-filed tax returns for assessment years 2015-16 to 2019-20.
A circular by the Taxes department said that that a large number of electronically filed ITRs still remain pending with the income tax department for want of receipt of a valid ITR-V Form at CPC, Bengaluru from the taxpayers concerned.
CBDT has permitted verification of such returns either by sending a duly signed physical copy of ITR-V to CPC, Bengaluru through speed post or through EVC or OTP. Such verification process must be completed by September 30.
"In law, consequences of non-filing the ITR-V within the time allowed is significant as such a return is/can be declared 'Non-est' in law, thereafter, all the consequences for non-filing a tax return, as specified in the Income-tax Act, 1961 (Act) follow," it said.
The circular, however, clarified that "this relaxation shall not apply in those cases, where during the intervening period, Income Tax Department has already taken recourse to any other measure as specified in the Act for ensuring filing of tax return by the taxpayer concerned after declaring the return as non-est"..
Protest demonstrations broke out across different areas of Pakistan-occupied Gilgit-Baltistan after Friday prayers, with thousands…
Jamil Maqsood, the President of the Foreign Affairs Committee of the United Kashmir People's National…
The 6th meeting of the ASEAN-India Trade in Goods Agreement (AITIGA) Joint Committee concluded in…
The US Department of Homeland Security (DHS), on behalf of the Forced Labor Enforcement Task…
A delegation from the Tibetan Parliament-in-Exile (TPiE), led by Speaker Khenpo Sonam Tenphel and accompanied…
On the sidelines of the 2nd India-CARICOM Summit, leaders of the member countries witnessed a…