E Amazings
  • Home
  • Automotive
  • Business
  • CBD
  • Crypto
  • Education
  • Entertainment
  • Fashion
  • Finance
  • Health
  • Home Improvement
  • Law \ Legal
  • News
  • Shopping
  • Sports
  • Technology
  • Travel

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

Users in Web3 Will Do a lot More Than Just Trade Crypto: Cronos’ Ken Timsit (Interview)

August 7, 2022

India poised to achieve $5 trillion economy dream through ‘Atmanirbhar Bharat’ strategy, says expert

August 7, 2022

Sister’s Day 2022: Date, Significance, WhatsApp message, greetings

August 7, 2022
Facebook Twitter Instagram
E Amazings
  • Home
  • Automotive
  • Business
  • CBD
  • Crypto
  • Education
  • Entertainment
  • Fashion
  • Finance
  • Health
  • Home Improvement
  • Law \ Legal
  • News
  • Shopping
  • Sports
  • Technology
  • Travel
Facebook Twitter Instagram
E Amazings
You are at:Home»Business»Income Tax Order: E-verification of ITR time limit reduced to 30 days from 120
Business

Income Tax Order: E-verification of ITR time limit reduced to 30 days from 120

Paul EasterBy Paul EasterAugust 1, 2022No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter Pinterest WhatsApp Email


The Income Tax department has reduced the time limit for e-verification or hard copy submission of the ITR-V, post filing of returns by taxpayers, from the current 120 days to 30 days, beginning August 1.

The department issued a notification on July 29 announcing the change in the timeline.

E-verification of an ITR completes the return filing process and if it is not done within the stipulated time, an ITR is treated as invalid.

“It has been decided that in respect of any electronic transmission of return data on or after the date of this notification comes into effect, the time-limit for e-verification or submission of ITR-V shall now be 30 days from the date of transmitting/uploading the data of return electronically,” the notification said.

It said the order comes into effect from August 1.

Till now, the time period to e-verify the ITR or send the ITR-V through post, after filing of an Income Tax Return (ITR), was 120 days from the date of the uploading of the ITR.

The notification clarified that in case the e-verification of the ITR or hard copy ITR-V is sent through post beyond the time-limit of 30 days, the return shall be treated as late or beyond the due date.

Those who wish to send the ITR-V in a hard copy can send it through the usual address through “speed post only” to: Centralised Processing Centre, Income Tax Department, Bengaluru-560500, Karnataka.

“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, from the date of transmitting the date of Income-tax return electronically,





Source link

Paul Easter

Related Posts

India poised to achieve $5 trillion economy dream through ‘Atmanirbhar Bharat’ strategy, says expert

By Paul EasterAugust 7, 2022

Sister’s Day 2022: Date, Significance, WhatsApp message, greetings

By Paul EasterAugust 7, 2022

Q1 results: IOC, HPCL, BPCL post Rs 18,480 cr loss in quarter 1 on holding petrol, diesel prices

By Paul EasterAugust 7, 2022

Commonwealth Games 2022: Indian women’s hockey team wins bronze

By Paul EasterAugust 7, 2022
Add A Comment

Comments are closed.

Our Picks

Users in Web3 Will Do a lot More Than Just Trade Crypto: Cronos’ Ken Timsit (Interview)

By Paul EasterAugust 7, 2022

India poised to achieve $5 trillion economy dream through ‘Atmanirbhar Bharat’ strategy, says expert

By Paul EasterAugust 7, 2022

Sister’s Day 2022: Date, Significance, WhatsApp message, greetings

By Paul EasterAugust 7, 2022
Recent Posts
  • Users in Web3 Will Do a lot More Than Just Trade Crypto: Cronos’ Ken Timsit (Interview) August 7, 2022
  • India poised to achieve $5 trillion economy dream through ‘Atmanirbhar Bharat’ strategy, says expert August 7, 2022
  • Sister’s Day 2022: Date, Significance, WhatsApp message, greetings August 7, 2022
  • Homemade CAT Scan Shouldn’t Scan Cats August 7, 2022
  • Q1 results: IOC, HPCL, BPCL post Rs 18,480 cr loss in quarter 1 on holding petrol, diesel prices August 7, 2022
  • Commonwealth Games 2022: Indian women’s hockey team wins bronze August 7, 2022
  • Commonwealth Games 2022: Boxer Amit Panghal bagged gold for India August 7, 2022
Archives
  • August 2022
  • July 2022
  • June 2022
Facebook Twitter Instagram Pinterest TikTok
  • Home
© 2022 E Amazings - All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.