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Tax Alert! September 30 is the last date to verify your pending ITRs

(*30*)In case of e-filing, it is obligatory to get the return verified inside 120 days from the date of submitting of the return on-line.

An assessee is allowed to verify his/her Income Tax Return inside 120 days of e-filing the return of earnings to full the return submitting course of. Unless verified inside the stipulated time interval of 120 days, it is handled that the ITR is not filed and the assessee could face prosecution beneath numerous sections of the Income Tax Act for non submitting of return of earnings.

While in some circumstances, the Income Tax Department begins recovery proceedings even on unverified ITRs filed with ‘Tax Payable’, however ITRs with ‘Tax Refun’ are usually not processed except they’re verified.



In case of offline submitting of return of earnings, handbook submission of the ITR completes the submitting course of, however in case of e-filing, it’s obligatory to get the return verified inside 120 days from the date of submitting of the return on-line.

A return could also be verified both by sending a signed copy of ITR-V to CPC, Bangalore via pace publish/bizarre publish or by e-verification via OTP.

However, numerous electronically filed ITRs are nonetheless pending with the Income Tax Department as many taxpayers overlook to ship the ITR-V to the Central Processing Centre (CPC) or get the ITRs e-verified.

So, the Central Board of Direct Taxes (CBDT) has determined to present one-time leisure for verification of e-filed ITRs for Assessment Years (AYs) 2015-16 to 2019-20, which can be carried out by sending a bodily copy of ITR-V to CPC, Bangalore or by way of EVC/OTP modes newest by September 30, 2020.

However, an assessee will be unable to avail the leisure to get a return of any of the earlier AYs verified, in case the Income Tax Department has already taken recourse to some other measure in opposition to a taxpayer as laid out in the Act for guaranteeing submitting of return of earnings by the taxpayer involved after declaring the return as non est.

While the deadline for availing the advantage of getting ITRs of earlier years verified is September 30, 2020, the due of submitting ITR for AY 2020-21 has been prolonged to November 30, 2020 due to the disruption brought on by the Covid-19 pandemic.

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