25 May 2009
Return of income/ fringe benefits can be furnished in any of the following manners:- (i) furnishing the return in a paper form
(ii) furnishing the return electronically under digital signature
(iii) transmitting the data in the return electronically and thereafter submitting the verification of the return in Form ITR-V;
(iv) furnishing a bar-coded return in a paper form PLEASE CALARIFY THE(iv) OPTION.WHAT IS BAR CODED RETURN & WHETHER ITR-V IS SEND TO BANGLORE ONLY . IF YES. HOW THE ACKNOWLEDGEMENT WILL BE RECEIVED IF RETURN BEARS NO EMAIL.
25 May 2009
Yes as per the latest circular ITR-V can be sent only to Bangalore. If the return does not have an email address then the acknowledgement will be sent to the mailing address on the ITR. However email address is mandatory for online return.
24 July 2024
The option (iv) for furnishing the Income Tax Return (ITR), which is a BAR CODED RETURN in paper form, refers to a specific method of submitting your income tax return physically to the Income Tax Department. Here’s what you need to know about BAR CODED RETURNS:
### What is a BAR CODED RETURN?
A BAR CODED RETURN is a paper form of the Income Tax Return (ITR) that includes a unique bar code on the printed form. This bar code contains all the essential details of your tax return, such as your PAN (Permanent Account Number), assessment year, and other relevant information. It serves as a machine-readable format that aids in the processing and verification of the return by the Income Tax Department.
### How to Furnish a BAR CODED RETURN (Option iv):
1. **Download the Appropriate Form:** You can download the relevant ITR form from the official website of the Income Tax Department (https://www.incometaxindia.gov.in). Ensure you choose the correct form based on your sources of income and other criteria applicable to you.
2. **Fill the Form Offline:** Fill out the ITR form manually offline. Double-check all the information to ensure accuracy and completeness.
3. **Generate the BAR CODE:** Once the form is filled out, generate the BAR CODE. This is typically done using the Income Tax Department's offline utility tool or software available for this purpose. The BAR CODE will be unique to your return and contain encoded information.
4. **Print the BAR CODED RETURN:** Print the filled ITR form with the BAR CODE included. Ensure the bar code is clear and readable.
5. **Submit to Income Tax Department:** Submit the BAR CODED RETURN along with any required documents to the designated Income Tax Office or other specified locations. Ensure that the submission is made within the due date specified for filing income tax returns.
### Points to Note:
- **Authentication:** Ensure the BAR CODE is generated correctly as per the instructions provided by the Income Tax Department. Incorrect or unreadable bar codes may lead to delays or rejection of the return.
- **Documentation:** Include all necessary documents such as Form 16 (if applicable), proof of investments, TDS certificates, and other supporting documents as per the ITR form instructions.
- **Deadline:** File the BAR CODED RETURN within the due date specified for filing income tax returns. Late filing may attract penalties or interest under the Income Tax Act.
By opting for a BAR CODED RETURN (Option iv), you are choosing a method that combines manual filling with the efficiency of machine-readable processing, facilitating quicker processing of your tax return by the Income Tax Department.