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July 14, 2020

Is your ITR verification pending?


One-time relaxation for verification of last 5 years of tax-returns

On 13th July, 2020, CBDT has provided one-time relaxation for verification of tax-returns for previous 5 years which are pending due to non-filing of ITR-V form by concerned taxpayers. The above measure has been taken to clear large number of electronically filed ITRs which were pending for processing due to non-receipt of a valid ITR-V at CPC, Bengaluru. The e-filed returns for AYs 2015-16 to 2019-20 that are pending due to non-filing of a valid ITR-V can be verified either by sending a physical copy of ITR-V to CPC, Bengaluru or through EVC/OTP modes latest by 30th Sept, 2020. The circular is not applicable on cases where IT Department has already issued notice or taken any other measures for ensuring filing of tax return after declaring such returns as non-existent/invalid during the above-mentioned period.