04 April 2017
Hi There, I submitted my ITR -1 for AY 2016-17 on 30/07/2016, and i somehow forgot to send the ITR - V within 120 days from the submission of ITR 1. I sent ITR - V to CPC Bangalore on 06/03/2017 and after receiving this the website showed the status as 'ITR - V received after Due Date" and on the same day after some time it showed "ITR - V received" , i did receive an email from Income tax department stating that ITR - V has been received however, it's been almost a month and the same has not been processed yet. I heard that ITR - V sent after 120 days are not valid and the AO can reject it as it was never filed. Would some one please tell me if it will get processed or not? it was a refund return. What are the consequences and what will be my course of action. Also, will Income Tax Department will notify me it gets rejected. Please advise. thanks for you help in advance!
04 April 2017
You should wait for some more time for return to get processed. Alternatively you may enquire from CPC by filing on line grievance under 'e-nivaran'.