Time limit for filing I-T Returns in ITR-V Forms Electronically Extended
CENTRAL Board of Direct Taxes has extended the time limit for filing ITR-V forms relating to income tax returns filed electronically (without digital signature) for the assessment year (AY) 2009-10 up to 31st December 2010, or 120 days from the date of filing, whichever is later.
Since many taxpayers have either not filed their ITR-V or have filed it with the local Income Tax office and ITR-V is accepted only at the Centralized Processing Centre (CPC), Bengaluru by ordinary or speed post, CBDT says that this is a final opportunity being given to such taxpayers to regularize their income tax returns.
Taxpayers who have filed their returns electronically for AY 2009-10 on or after 1st April 2009 and have not filed the ITR-V to the CPC may mail it by ordinary post or speed post at Post Bag No.1, Electronic City Post Office, Bengaluru – 560100 (Karnataka). Taxpayers who have filed their ITR-V with the local Income Tax office may again mail their ITR-V to the CPC. Those taxpayers who have earlier mailed their ITR-V, but have not received the acknowledgement e-mail from the CPC, may re-mail their ITR-V to the CPC.
It is reiterated by CBDT that the ITR-V form should be mailed to the CPC only at the above address by ordinary post or speed post. Taxpayers should note that no other place or form of delivery will be accepted.
Taxpayers may also note that without acknowledgement of the ITR-V from the CPC it would not be possible for the Income Tax Department to process the income tax returns or issue any refunds there from, as these would be treated as not having been filed with the Department.
So, the bottom line is file the return as directed and get an acknowledgement or you can forget your refund claims for good.