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CBDT Sets 30-Day Verification Deadline for Income Tax Returns from 1st April 2024

Last updated: 03 April 2024

The Central Board of Direct Taxes (CBDT) has issued a significant notification, No. 2 of 2024, dated March 31, 2024, pertaining to the time limit for verifying income tax returns after uploading. This notification carries implications for taxpayers across the country, affecting the process of income tax return filing and verification.

In pursuance of the powers conferred under Rule 14 of the Centralised Processing of Returns Scheme, 2011, Notification No. 05 of 2022 dated July 29, 2022 was issued by the DGIT(Systems) specifying the time limit for verification of Income Tax Return (ITR) as 30 days from the date of transmitting the data of ITR electronically.

CBDT Sets 30-Day Verification Deadline for Income Tax Returns from 1st April 2024

It is clarified that:

(i) Where the return of income is uploaded and e-verification/lTR-V is submitted within 30 days of uploading – In such cases the date of uploading the return of income shall be considered as the date of furnishing the return of income.

(ii) Where the return of is uploaded but e-verification or ITR-V is 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 duly verified ITR-V in prescribed format and in the prescribed manner shall be sent either through ordinary or speed post or in any other mode to the following address only:

Centralised Processing Centre,
Income Tax Department,
Bengaluru - 560500, Karnataka.

The date on which the duly verified ITR-V is received at CPC shall be considered for the purpose of determination of the 30 days period from the date of uploading of return of income.

It is further clarified that where the return of income is not verified after uploading within the specified time lime as per paragraph 2 of this notification, such return shall be treated as invalid.

It is reiterated for the sake of assessee convenience that e-verification, immediately upon filing of the return is the most desirable action.

This Notification shall be applicable for returns of income uploaded/submitted on the e-filing portal (www.incometax.gov.in). This issues by the power conferred to the undersigned under the Rule 14 of Centralized Processing of Returns Scheme, 2011 (CPR Scheme 2011) dated January 04, 2012, notified by the CBDT Notification No. 02/2012- F.No. 142/27/2011-SO(TPL).

This notification will come into effect from April 01, 2024.

Officia copy of the notification has also been attached below in PDF Format

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