REGARDING VERIFICATION OF ITR

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You can verify your Income Tax Return (ITR) for AY 2023-24. The crucial deadline for e-verification or submitting your ITR-V is 30 days from the date you filed your return. Failing to verify within this period, or at all, will result in your return being treated as invalid or subject to late filing consequences.

Suresh S. Tejwani

Suresh S. Tejwani (Querist)
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25 December 2024 CAN WE VERIFY ITR FOR A.Y. 2023-24 NOW? IF YES, THEN HOW?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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25 December 2024 What is the time limit for e-verification or submission of ITR-V?

Resolution: The time-limit for e-verification or submission of ITR-V shall be 30 days from the date of filing the return of income.
( Notification No. 2/2024 dated 31.03.2024 w.e.f. 01/04/2024)

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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25 December 2024 What will happen if e-verification or ITR-V is submitted beyond the time limit of 30 days?

Resolution: Where the return of income is uploaded within due date but e-verified or ITR-V submitted after 30 days of uploading, in such cases the date of e-verification/ITR-V submission shall be treated as the date of furnishing the return of income and all consequences of late filing of return under the act shall follow, as applicable. The date on which the duly verified ITR-V received at CPC shall be considered for the purpose of determination of the 30 days period. It is further clarified that where the return of income is not verified after uploading, such return shall be treated as INVALID.

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