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E-filing query please help

Abdul Khader (STUDENT) (192 Points)

19 December 2013

if 120 days have expired but still ITR is not sent to CPC

What will be the consequence and what we have to do

thanks in advance

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4 Replies

Suhasini (CA Practice ) (43 Points)
Replied 19 December 2013

if you miss submitting your ITR-V within 120 days, your e-filing will be considered invalid. It will be considered that you have not yet filed your return. You then have to file a revised return, get a new ITR-V and submit the same within 120 days.

CA. Kuldeep Singhi (Entrepreneur) (424 Points)
Replied 19 December 2013

& if due date is exceeded you have to interest u/s 234A also @ 1% pm

CA ADITYA SHARMA (CA IN PRACTICE ) (16719 Points)
Replied 19 December 2013

Originally posted by : Suhasini
	if you miss submitting your ITR-V within 120 days, your e-filing will be considered invalid. It will be considered that you have not yet filed your return. You then have to file a revised return, get a new ITR-V and submit the same within 120 days.

Stranger (.) (5526 Points)
Replied 20 December 2013

Revised return can be filed u/s-139(5), if the original retun has been filed u/s-139(1) or in response to notice u/s-142. But since 120 days has already been expired, so your return will be considered as "invalid return", even if u may have filed it within due date u/s-139(1). Hence file your ITR again u/s-139(1), if 2 years have not expired from the end of the relevant Previous Year, with interest u/s-234A,234B,234C (if applicable in your case). Howover if 1 year has already expired after the end of the Previous Year for which u r filing ur ITR, then u may also be required to pay penalty u/s-271F on receiving notice from Assessing Officer. Generally, they do not demand penalty, if u r really that lucky one ;-)..