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FAQs on 30 Days’ Timeline for E-verification of Returns

1. What is the new notification about the new timeline of 30 days for verification of ITR and to whom new timeline of 30 days is applicable?

Resolution: From August 1, the Income Tax Department has reduced the time limit for e-verification or hard copy submission of ITR-V to 30 days through a notification dated 29 July. That means, taxpayers now need to verify their returns within 30 days from the date of filing to complete the process.

The notification, clarified that the earlier time limit of 120 days would continue to apply in case of returns submitted electronically before the date on which the notification came into effect, i.e. 01, August 2022.

So, if you have filed the ITR on or before 31st July 2022 the earlier time limit of 120 days will be applicable.

(To know more refer to the: Notification No. 5/2022 dated 29.07.2022 w.e.f. 01/08/2022)

 

2. What is the new time limit for e-verification or submission of ITR-V?

Resolution: The new time-limit for e-verification or submission of ITR-V shall now be 30 days from the date of filing the return of income. However, where the return is filed on or before 31.07.2022 the earlier time limit of 120 days would continue to apply.

(To know more refer to the: Notification No. 5/2022 dated 29.07.2022 w.e.f. 01/08/2022)

 

3. In what circumstances earlier time limit of 120 days will be applicable?

Resolution: Where the return data is electronically transmitted before the date on which this notification comes into  effect i.e. before 1st August 2022 , the earlier time limit of 120 days would continue to apply in respect of  such returns.

(To know more refer to the: Notification No. 5/2022 dated 29.07.2022)

 

4. What will be the date of furnishing the return of income if ITR-V is submitted within 30 days of transmission of data?

Resolution: If ITR data is electronically transmitted and ITR-V is submitted within 30 days of transmission of data then in such cases the date of transmitting the data electronically will be considered as the date of furnishing the return of income.

(To know more refer to the: Notification No. 5/2022 dated 29.07.2022)

 

5. What will happen if e-verification or ITR-V is submitted beyond the time limit of 30 days?

Resolution: 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/lTR-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.

(To know more refer to the: Notification No. 5/2022 dated 29.07.2022)


6. What is the address at which ITR-V needs to be sent?

Resolution: Duly verified ITR-V in the prescribed format and in the prescribed manner should be sent by speed post only to:
Centralised Processing Centre,
Income Tax Department,
Bengaluru - 560500, Karnataka.

(To know more refer to the: Notification No. 5/2022 dated 29.07.2022)


7. In case of ITR-V sent through speed post what date will be considered as a date for verification?

Resolution: The date of dispatch of speed post of duly verified ITR-V shall be considered for the purpose of determination of the 30 days period. 

(To know more refer to the: Notification No. 5/2022 dated 29.07.2022)

 

8. I have filed my return on 31st July,2022? Till when can I e-verify it?

Resolution: Taxpayers who were able to meet the deadline of July 31, 2022 for filing ITR have 120 days after the filing of their return to verify it. But those who file the return after the deadline  (i.e.31st July) will get only 30 days to verify it.

(To know more refer to the: Notification No. 5/2022 dated 29.07.2022)