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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),