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Acceptance of ITR V (Acknowledgement) beyond 60 days

CA. Rishabh Mittal (CA in Practice) (1077 Points)

03 February 2010

Hello Friends,

Good News ..!! (With no base)

Today, when I enquired ITD bangalore regarding acceptance of ITR V (Acknowledgement) which they receive after the completion of 60 days, they told me that as per their new cicular (issued around 2-3 days back), they are accepting the same now & such date have been extended till 31st March.

Status of such returns will be updated on website within 2-3 weeks. Earlier these returns were rejected at all.

But the irony is that no such circular has been hosted on website till yet ..

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3 Replies

BALASUBRAMANYA B N (CCI STUDENT....) (44679 Points)
Replied 03 February 2010

Central Board of Direct Taxes has decided to extend the time limit for filing ITR-V form relating to income-tax returns filed electronically (without digital signature) on or after 1st April 2009, up to 31st March 2010 or within a period of 120 days from the date of uploading of the electronic return data, whichever is later. The ITR-V form should continue to be sent by ordinary post to Post Bag No.1, Electronic City Post Office, Bengaluru – 560100 (Karnataka). However, in cases where email acknowledgement for ITR-V form is not received by the taxpayer from the CPC Bengaluru, the taxpayer may send another duly signed ITR-V form by speed post to Centralized Processing Centre, Electronic City Post Office, Bengaluru, Karnataka – 560100.

This has been done in relaxation of the stipulation in Circular No. 3/2009 dated 21.05.2009 which allows taxpayers who file their income tax returns in electronic form without digital signature to submit their ITR-V form duly verified and signed, within a period of 30 days thereafter to Post Bag No.1, Electronic City Post Office, Bengaluru, Karnataka-560100, by ordinary post.

The relaxation has been made following requests from taxpayers that, as a one-time measure, the time limit for filing of ITR-V form may be extended to 31st March 2010 and that alternative modes of submission of ITR-V form may also be provided in cases where an ITR-V form has not been received at CPC, Bengaluru by ordinary post.