Simplified Laws Guide to Taxation and Legal Concern
Income Tax Department ie Centralized Processing Center (ITD-CPC), Bangalore has started sending final email reminder communication for non-receipt of ITR – V for the assessment year 2013-14. From the past one week, many tax payers have received email from CPC asking them to submit ITR V.
[ Recommended Read : Now you can e-Verify already uploaded return: NO need to send ITR VThis will be on account of “Non-submission of ITR Verification form”. In regular intervals, CPC sends reminders in the form of email & SMS to those assessees who have filed their income tax return, but have not sent a valid physical copy to CPC within 120 days of e-filing. CPC sends up to 3 reminders to the assessees to submit the valid physical copy of ITR-V.
If you have received such communication from CPC, don’t ignore. You are required to submit the Verification form i.e. ITR V in respect of the e-return for AY 2013 within a week of receipt of this communication.
The ITR V should comply with the following:
1. ITR V should be in original and not photocopy,
2. ITR V should be originally signed.
The Verification form ITR-V may please be mailed to the address given below by ORDINARY POST or SPEEDPOST.
Centralized Processing Center (CPC),
Income Tax Department,
Post Bag No -1, Electronic City Post Office,
Bangalore, Karnataka 560 100.
If a valid ITR-V is not received by CPC within the timeline provided in this communication, it will be deemed that the e-return was never filed.
You can download ITR V by visiting the income tax department website.
Steps to download ITR-V are :
- Log in to www.incometaxindiaefiling.gov.in with user id and Password.
- Select “click to view Returns/Forms” which appears in the home screen.
- Select the Ack No for the Assessment year for which you need to send the ITR-V.
- Click on the ‘ITR-V/Acknowledgment’ to download the ITR-V.
Who has to submit ITR V? What is the consequence of non-submission of ITR V?
ITR-V is required to be submitted to CPC, by the assessees who upload e-return without digital signature. It is to be done within 120 days of filing income tax return. Your efiling will only be completed after receipt of ITR-V by the CPC. If you fail to submit your ITR-V within 120 days, your e-filing will be considered invalid. It will be treated as if you have not yet filed your return. You then have to file a revised return.
