Introduction
In respect of an Income Tax Return filed electronically without a digital signature, the taxpayer is required to verify the same within the time limit of 120 days from the date of uploading ITR.
In this regard, a large number of electronically filed ITRs remain pending with the Income Tax Department for the want of receipt of a valid ITR V Form at CPC, Bengaluru from the taxpayers concerned.
Proposal
A one time measure is proposed to regularize such returns which have either become non-est or have remained pending due to non-filing/non-receipt of respective ITR- V Form, can send a duly signed physical copy of ITR V to CPC, Bengaluru through speed post or through EVC/OTP modes.
Time Limit of Verification Process
Such verification process must be completed by 30.09.2020
Modes of Verification
- Through Aadhaar OTP
- By logging into e-filing account through net banking
- EVC through Bank Account No.
- EVC through Demat Account No.
- EVC through Bank ATM
- By sending a duly signed physical copy of ITR V through post to the CPC Bengaluru.
Applicability
Applicable to AYs. 2015-16, 2016-17, 2017-18, 2018-19 and 2019-20.
Non- Applicability
This is not applicable to the cases where the income tax department has already taken recourse to any other measure as specified in the Act.
