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Updated on: Wednesday, December 29, 2021, 11:38 AM IST

IT dept relaxes time till February 28 for taxpayers to complete verification of ITRs

As per law, an income tax return (ITR), filed electronically without a digital signature, has to be verified electronically through Aadhaar OTP, or net banking./ Representational Image |

As per law, an income tax return (ITR), filed electronically without a digital signature, has to be verified electronically through Aadhaar OTP, or net banking./ Representational Image |

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Taxpayers who have not e-verified their Income Tax Return (ITRs) for 2019-20 fiscal can complete the verification process by February 28, 2022, as the Income Tax department has given a one-time relaxation to assess.

As per law, an income tax return (ITR), filed electronically without a digital signature, has to be verified electronically through Aadhaar OTP, or net-banking, or code sent through Demat account, pre-validated bank account, and ATM within 120 days of filing the return.

Alternatively, taxpayers can send a physical copy of the ITR filed to the Centralised Processing Centre (CPC) office in Bengaluru.

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

The Central Board of Direct Taxes (CBDT) in a circular dated December 28, said a large number of electronically filed ITRs for the Assessment Year 2020-21, still remain pending with the Income Tax department for want of receipt of a valid ITR-V Form at CPC, Bengaluru or pending e-Verification from the taxpayers concerned.

''In respect of all lTRs for Assessment Year 2020-21 (fiscal 2019-20) 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 CBDT said.

This relaxation shall not apply in those cases, where during the intervening period, the I-T department has already taken recourse to any other measure for ensuring filing of a tax return by the taxpayer concerned after declaring that the return has not been filed, it added.

AMRG & Associates Senior Partner Rajat Mohan said ''non-compliant taxpayers would get ample time to come clean and complete the verification process, enabling the tax department to process the returns.

''However, such non-compliant taxpayers would not be compensated for interest for the intervening period under section 244A, as the reasons for delay are attributable to the taxpayer himself.''

Owing to technical glitch, several taxpayers on December 28 failed to file their ITR, with just three days left for the deadline to end. Several taxpayers took to Twitter to complain about the technical problems with the ITR portal

It must be noted that the due date for filing the ITR for AY21-22 is December 31. Previously, the Centre had extended the ITR filing deadline will December 31 from July 31.

(With inputs from PTI)

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Published on: Wednesday, December 29, 2021, 11:34 AM IST
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