One-Time Relaxation For Income Tax Payers To Complete Verification Of ITRs For 2019-20 Fiscal

If the verification process, which is done through ITR-V form, is not complete, it is considered that the return has not been filed.

As per a circular of the Central Board of Direct Taxes (CBDT) on Tuesday, a large number of ITRs filed electronically for assessment year 2020-21, remain pending with the IT department for want of receipt of a valid ITR-V Form at CPC, Bengaluru or pending e-Verification from the taxpayers.

“In respect of all lTRs for 2020-21 which were uploaded electronically by the taxpayers within the time allowed… and which have remained incomplete due to non-submission of ITR-V Form… the Board… 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. Such verification process must be completed by February 28, 2022,” The Print quoted the CBDT as stating.

However, the relaxation will not ne applicable in the cases, if the I-T department has already taken recourse to any other measure for ensuring filing of tax return during the intervening period.