India Union Budget 2016 : Filing of return of Income

Existing provisions of sub-section (1) of section 139 provide that every person referred to therein shall file a return of income on or before the due date. The sixth proviso to the said section provides that every person, being an individual or Hindu undivided
family or an association of person or a body of individual, whether incorporated or not or any artificial juridical person, if his total income or of any other person in respect of which he is assessable under this Act during the previous year, without giving effect
to provisions of section 10A or section 10B or section 10BA or Chapter VI-A, exceeds the maximum amount which is not chargeable to income tax shall be liable to furnish return on or before the due date.
Existing provision of sub-section (4) of section 139 provides that a person who has not furnished a return within the time allowed to him under sub-section (1), or within the time

ITR-V Do's & Don'ts

ITR-V Do's & Don'ts

 Please use Ink Jet /Laser printer to print the ITR-V Form. Use of Dot Matrix printer should be avoided.

 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.