The Central Board of Direct Taxes (CBDT) has announced that it has provided one-time relaxation for verification of e-filed ITRs for AY 2020-21 which are pending for verification due to non-submission of ITR-V form or pending e-Verification. The CBDT has extended verification of e filed ITRs for AY 2020 till 28 February 2022.
in respect of all ITRs for Assessment Year, 2020-21 which were uploaded electronically by the taxpayers within the time allowed under section 139 of the Act and which have remained incomplete due to non-submission of ITR-V Form pending e-Verification, the Board, in the exercise of its powers under section 119(2)(a) of the Act, hereby permits verification of such returns either by sending a duly signed physical copy of ITR-V to CPC, Bengaluru through speed post or through EVC/OTP modes as listed in para 1 above. Such verification process must be completed by 28.02.202,” said a CBDT circular. Central Board of Direct Taxes acknowledged that a large number of electronically filed ITRs for the Assessment Year 2020- 21 still remain pending with the Income-tax Department for want of receipt of a valid ITR-V Form at CPC, Bengaluru or pending e-Verification from the taxpayers concerned.
This relaxation, however, shall not apply in those cases, where during the intervening period, Income-tax Department has already taken recourse to any other measure as specified in the Act for ensuring filing of a tax return by the taxpayer concerned after declaring the return as non-est, the circular further mentioned. Meanwhile, the last date to file Income Tax Return (ITR) for the Assessment Year 2021-22 or FY 2020-21 is December 31. The ITR this year is applicable for income earned between April 1, 2020, and March 31, 2021
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