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Income Tax - Extension of time-limit for filing of ITR-V Forms

Friday, March 21, 2014 Posted by Unknown , No comments
Extension of time-limit for filing of ITR-V Forms

The Central Board of Direct Taxes has extended the time-limit for filing ITR-V Forms for Assessment Years 2009-10, 2010-11 and 2011-12 till 31.03.2014 for returns e-filed with refund claims within the time allowed under section 139 of the Act.

Press Release, dated 26th February, 2014

The Central Board of Direct Taxes has extended the time-limit for filing ITR-V Forms for Assessment Years 2009-10, 2010-11 and 2011-12 till 31.03.2014 for returns e-filed with refund claims within the time allowed under section 139 of the Act.

2. Though time for submitting ITR-V Forms for above Assessment Years was extended on earlier occasions also, it has been reported that some electronically filed returns with refund claim still remain pending with the Income-tax Department due to non-submission of ITR-V within the prescribed time-frame.

3. In such cases, the taxpayer concerned may ascertain whether his ITR-V has been received at the CPC, Bengaluru or not by logging on the website of Income tax Department-http:/incometaxefiling.gov.in/e-Filing/Services/ITR-V ReceiptStatus.html  by entering Pan No. and Assessment Year or e-filing Acknowledgement Number. Alternatively, status of ITR-V could also be ascertained at the above Website under ‘Click to view Returns/Forms’ after logging in with registered E-Filing account. In case ITR-V has not been received within the prescribed time, status will not be displayed.

4. The taxpayer whose ITR-V have remained to be received at CPC, Bengaluru must submit a duly signed copy of ITR-V to the CPC by 31.03.2014 by speed-post at the following address: CPC, Post Bag No. 1, Electronic City Post Office, Bengaluru-560100 (Karnataka).

5. It may be noted that this final opportunity is being extended to the taxpayers to regularize their returns where refunds continue to remain pending for Assessment Years 2009-10, 2010-11 and 2011-12 for want of valid ITR-V Form. Therefore, taxpayers concerned are advised to take benefit of this relaxation so as to enable the tax authorities to further process their otherwise valid refund claims.

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