CBDT Reduces time limit for e-verification of ITR from 120 days to 30 days of ITR Filed from 1st Aug 2022

The Central Board of Direct Taxes(CBDT) notified that the time limit for e-verification of ITR was reduced from 120 days to 30 days of ITR Filed from 1st Aug 2022.

Further as per clarifications provided in para 9 of the said circular, the date of transmitting the data electronically will be the date of furnishing the return if the form ITR-V is submitted within 30 days after the date of transmitting the data electronically. In case, form ITR-V is submitted after the above-mentioned period, it will be deemed that the return in respect of which the form ITR-V has been filled was never submitted and it shall be incumbent on the assessee to electronically retransmit the data and follow it up by submitting the new form ITR-V within 30 days. Later, the CBDT extended the time limit for filing ITR-V to 120 days from the date of uploading the return of income.

It has been decided that in respect of any electronic transmission of return data on or after the date this Notification comes into effect, the time limit for e-verification or submission of ITR-V shall now be 30 days from the date of transmitting/uploading the data of the return of income electronically.

It is clarified that where the return data is date electronically transmitted before the on which this Notification comes into effect, the earlier time limit of 120 days Would continue to apply in respect of such returns.

It is further clarified that (i) Where ITR data is electronically transmitted and e-verified/ITR-V submitted within 30 days of transmission of data – in such cases the date of transmitting the data electronically shall be considered as the date of furnishing the return of income (ii) Where ITR data is electronically transmitted but e-verified or ITR-V submitted beyond the time-limit of 30 days of transmission of data – 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 under the Act shall follow.

This Notification shall be applicable for electronically transmitted Income-tax return data filed on the e-filing portal (www.incometax.gov.in).

For Official Notification Download PDF Given Below: