Page 3 - Centralised Processing Centre News Today

The income tax department has reduced the time for tax officers to decide on adjustment of refunds against outstanding tax dues to 21 days, a move which will help avoid litigation.

NEW DELHI, Aug 1:  The Income Tax Department has reduced the time limit for e-verification or hard copy submission of the ITR-V, post filing of returns by taxpayers, from the current 120 days to 30 days, beginning today. The department issued a notification on July 29 announcing the change in the timeline. E-verification of an ITR completes the return filing process and if it is not done within the stipulated time, an ITR is treated as invalid. “It has been […]

The Income Tax department has reduced the time limit for e-verification or hard copy submission of the ITR-V, post-filing taxpayer returns, from 120 days to 30 days, beginning August 1.

ITR filing: Those who wish to send the ITR-V in a hard copy can send it through the usual address through speed post only to Centralised Processing Centre, Income Tax Department, Bengaluru-560500, Karnataka.

The income tax (I-T) department has reduced the time limit for e-verification or hard copy submission of the ITR-V (income tax return verification),

The department issued a notification on July 29 announcing change in the timeline

It said the order comes into effect from August 1. Till now, the time period to e-verify the ITR or send the ITR-V through post, after filing of an Income Tax Return (ITR), was 120 days from the date of the uploading of the ITR. ITR-V Submission: Verification of ITR Timeline Reduced to 30 Days From 120, Says Income Tax Department.

Mumbai : The 74th CA Day celebrations kicked off amidst fanfare on July 1 at the Western India Regional Council of the Institute of Chartered Accountants (WIRC of ICAI) Headquarters in Mumbai. The celebrations included Flag Hoisting, Tree Plantation,

Mumbai : The 74th CA Day celebrations kicked off amidst fanfare on July 1 at the Western India Regional Council of the Institute of Chartered Accountants (WIRC of ICAI) Headquarters in Mumbai. The celebrations included Flag Hoisting, Tree Plantation,

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.