Central Board of Direct Taxes (CBDT) has issued Notification No. 2/2024 to provide clarification on time limit for verification of Income Tax return post uploading.
Director General of Income Tax (DGIT) Systems had earlier specified the time limit for verification of Income Tax Return (ITR) as 30 days from the date of transmitting the data of ITR electronically. CBDT, has issued further clarification on the same once it is uploaded at Income Tax portal.
Key points of the Notification are:
- The date of uploading the Return of Income shall be considered as the date of furnishing the Income tax return in case wherein the return of Income is uploaded and e-verification/lTR-V is submitted within 30 days of its uploading.
- In cases wherein Return of Income is uploaded but e-verification or ITR-V is submitted after 30 days of its uploading then in such cases the date of e-verification/ITR-V submission shall be treated as the date of furnishing the return of income and all consequences of late filing of return shall follow including the consideration of such return filed as Invalid.
- In cases if duly verified ITR-V in prescribed format and in the prescribed manner has been sent to Centralized Processing Centre (CPC), Bengaluru through ordinary or speed post or in any other mode, the date on which the duly verified ITR-V is received at CPC shall be considered for the purpose of determination of the 30 days period from the date of uploading of Return of Income.
A copy of the Notification is attached herewith for ease of reference.
Source: Central Board of Direct Taxes (CBDT)
