The CBDT has issued Circuar 04/2014 dated 10.02.2014 pointing out that a
large number of returns have become non-est as ITR-V was not furnished
within the due date. As a result the refund claims have not been
processed. In order to mitigate the hardships of taxpayers pertaining to
non-receipt of tax refunds, the CBDT has extended u/s 119(2)(a) the
date for filing ITR-V for AYs 2009-10, 2010-11 and 2011-12 to
31.03.2014. The time-frame under the second proviso to s. 143(1) for
issuing the Intimation has been extended to 6 months from the end of the
month in which ITR-V is received.
We informally talk about Tax specially about Indian Income-tax Act, 1961, GST,FDI, Corporate Law and allied laws. The other motive is also to keep fellow professionals, entrepreneurs, NRIs, Foreign Investors and students updated. A place to share the common point of interest 'TAX' because sharing is caring!
Showing posts with label ITRV. Show all posts
Showing posts with label ITRV. Show all posts
Tuesday, 11 February 2014
Wednesday, 25 September 2013
ITR-V Do's & Don'ts
ITR-V Do's & Don'ts
The ITR-V Form should be printed only in black ink. Do not use any other ink option to print ITR-V.
Ensure that print out is clear and not light print/faded copy.
Please do not print any water marks on ITR-V. The only permissible watermark is that of "Income tax
Department" which is printed automatically on each ITR V.
The document that is mailed to CPC should be signed in Original.
Photocopy of signatures will not be accepted.
The signatures or any handwritten text should not be written on Bar code.
Bar code and numbers below barcode should be clearly visible.
Only A4 size white paper should be used.
Avoid typing anything on the reverse side of the paper.
Perforated paper or any other size paper should be avoided.
Do not use stapler on ITR-V Acknowledgement.
In case, you are submitting Original and Revised Income Tax Returns, do not print them back to back.
Use two separate papers for printing ITR-Vs separately.
Please do not submit any annexures, covering letter, pre stamped envelopes, along with ITR-V.
The ITR-V form is required to be sent to Post Bag No.1, Electronic City Post Office, Bengaluru,
Karnataka-560100, by Ordinary or Speed Post (without Acknowledgment) ONLY
ITR-Vs that do not conform to the above specifications may get rejected or acknowledgement of receipt
may get delayed.
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