Friends,
Now a days most of us are receiving messages and emails from Income Tax Department about not filing of ITR-V with the department and they have requested to deposit the same with the department at the earliest. Friends, after filing your income tax return in ONLINE mode, it is necessary for each and every one to submit the ITR-V form duly signed with the CPC- Income Tax Department, Bangluru within 120 days of filing of return. If you have not submitted the same, then you have got the message to deposit ITR-V. So generate the ITR-V Form and submit it at the earliest as possible. The procedure to download the ITR-V form is described in the post. The e-filing of Income Tax return has already started for assessment year 2014-15 .ITR-1 (sahaj) and ITR-4S (sugam ) can now be uploaded on Income Tax e filing site. We also love e filing .But we should be very careful while filing online return as these are processed through computer , sometime minor error may cost you a lot . So all data must be filled in prescribed manner with utmost care .
Last year 1.64 crore person had filed their return online mode.But almost 10% return(15 Lakh) online income Tax returns were rejected due to non-filing of ITR-V. So it is most important to know more about ITR-V while filing Income Tax return online without digital signature.
What is ITR-V ?
ITR-V (V here for verification) is form for the taxpayers,is an acknowledgement cum verification form.
By whom it is to be used
Person who are not using digital signature while e-filing the Income Tax return have to print out ITR-V and send it to appropriate office within specified time .
Time Limit For this form
Within 120 days of uploading the return on the ITD e-filing website.
Where it is to be sent ?
The tax payer has to print and duly sign the same and send it to "Income Tax Department – CPC, Post Bag No - 1, Electronic City Post Office, Bengaluru - 560100, Karnataka" by ordinary post or speed post only. Upon receipt of the ITR-V, the ITD will send an e-mail acknowledging the receipt of ITR-V to the email id entered in the return form. No Form ITR-V shall be received in any other office of the Income-tax Department or in any other manner. This completes the return filing process for non-digitally signed returns.
Do and Don'ts about printing of ITR-V is Given here.
What date should be provided in case 'Ancestral Date' is written on PAN Card ?
Answer: Kindly enter the date as 01/01/0001
Can I send the ITR-V to CPC by Registered Post ?
Answer: The tax payer has to send the duly signed copy of ITR-V to and Income Tax Department – CPC, Post Bag No - 1, Electronic City Post Office, Bengaluru - 560100, Karnataka and within 120 days of uploading the return by ordinary post or speed post only.
What are other formalities to be done after I print ITR-V?
Answer: Please refer to ITR-V Do’s and Don’ts as available here
I have not received a copy of ITR-V in my mail id or the ITR-V received in my mail id is not opening, since it is a corrupt file. What should I do?
Answer: The assessee is adviced to login to the website using his userid and password and then go to My Account – My Return to get a copy of the ITR-V for the relevant assessment year.
Can more than one ITR-V be sent in one envelope ?
Answer: Yes, any number of ITR-Vs can be sent in one enveloped. Caution has to be maintained that the bar code printed in the ITR-V does not get folded.
What is the password to open ITR-V ?
Answer: The password is a combination of PAN (in lower case) and DOB in ddmmyyyy format for e.g. for PAN : AEUOD2562D and dob : 12/10/1990, the password should be entered as aeuod2526d12101990.
