CBDT Extends Time Limit for Filing ITR-V Forms to 31 July 2011
RULE 12(3)(iii) of the Income-tax Rules, 1962 provides that any assessee can file a return of income electronically without the use of a digital signature. Once a return of income is filed electronically on successful transmission of the data, Form ITR-V duly filled shall be generated by the Income-tax Department's server to the assessee. This ITR-V will also contain the acknowledgement number of electronic transmission and the date of the transmission as an evidence of filing for the benefit of the assessee. The assessee is required to download a copy of such duly filled Form and verify under his signature in the space provided. In case the return was prepared by a Tax Return Preparer (TRP), the particulars of TRP be also filled and this verification form be countersigned by the TRP. The assessee should print out two copies of Form ITR-V. One copy of ITR-V, duly signed by the assessee, has to be sent by ordinary post to Post Bag No. 1, Electronic City Office, Bengaluru–560100 (Karnataka). The other copy may be retained by the assessee for his record.
Now the CBDT has extended the last date for filing this ITR-V for the AY 2010-11 (FY 2009-10), till 31st July 2011 or within a period of 120 days from the date of uploading of the electronic return, whichever is later. CBDT has done this to mitigate the hardship and grievances of the tax payers who have been prevented by reasonable causes to file the ITR-V in time.
In our Post-Budget Seminar in Hyderabad in 2009, a delegate asked the then Member CBDT, Mr. Khan, what he should do if the CPC at Bengaluru does not get the ITR-V sent by ordinary post. He said, “please send it again.”
CBDT Order under Section 119(2)(b) in F. No. 225/25/2010/ITA.II Dated: February 10, 2011.