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ITR Verification A.Y 2020-2021

Ashish (Chartered accountant) (155 Points)

09 May 2021

Dear experts,

ITR was filled on 10/01/2021, but ITR is still not verified through adhar and bank account due to some reasons, if now ITR is revised again then 120 days will start again from revised date ?

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12 Replies

Santosh jaiswal (281 Points)
Replied 09 May 2021

Yes and original return will be considered as invalid

Lotus Agrawal (Practice) (1356 Points)
Replied 09 May 2021

Yes. u r right.

CA. Sourav Sarkar (Chartered Accountant ) (24578 Points)
Replied 09 May 2021

Agreed

Ashish (Chartered accountant) (155 Points)
Replied 09 May 2021

As 120 days are about to complete is ITR will be processed if i send physical signed acknowledgement now, or its better to revise it and then send revised acknowledgement to CPC ?

Lotus Agrawal (Practice) (1356 Points)
Replied 09 May 2021

Yes you can. or you can verify through net banking also.

CA. Sourav Sarkar (Chartered Accountant ) (24578 Points)
Replied 09 May 2021

Either you can send the processed ITR or e-verify the return

Lotus Agrawal (Practice) (1356 Points)
Replied 09 May 2021

He is getting problem in e-verification. It's better to revise the return if not able to verify.

CA. Sourav Sarkar (Chartered Accountant ) (24578 Points)
Replied 09 May 2021

But revised return can be filed under condonation of delay

Lotus Agrawal (Practice) (1356 Points)
Replied 09 May 2021

Condonation is also not required till 31st may.

CA. Sourav Sarkar (Chartered Accountant ) (24578 Points)
Replied 10 May 2021

Yes 31st May will be the last date

sabyasachi mukherjee (26047 Points)
Replied 10 May 2021

IF RETURN FILED BUT NOT E VERIFIED .
IT IS DEEMED THAT IT IS NOT E VERIFIED.
NOW ITS SELF ASSESMENT.
THE DATE IS APPLICABLD ONLY BEFOE THE END OF THE RELEVANT ASSESMENT YEAR.

Adesh (General) (22 Points)
Replied 28 May 2021

Hello,

I have not completed my ITR e-verification for AY 2020-21 within 120 days. Now, I am able to do the e-verification after 120 days but with providing reason for delay.

Further I am unable to see acknowledgement receipt with exact tax amount and my ITR-V pdf is showing watermark as "INVALID".

Request you to please tell me, shall I proceed with new filing or is it ok to e-verify?

Thank you in advance for your valuable reply.