ITR Filing Latest Update: ITR Filing Latest Update If you also file income tax return ie ITR, then this news is very important for you. A major change has been made in the rules of ITR by the government. Let’s know what is the new deadline
Income Tax Return filing Update: The last date to file ITR was July 31 and the government did not extend it further. That is, if you have not filled your ITR, then you will now have to fill it with fine. Meanwhile, the government has changed a major rule of ITR. The government has tightened the rules of e-verification. According to the notification issued by the Finance Ministry, now such people will get only 30 days for e-verification.
Department issued orders!
As per the order, the Income Tax Department has reduced the deadline for submission of hard copy of ITR-V e-verification or ITR-V after filing of income tax returns to 30 days from the existing 120 days, with effect from August 1, i.e. today. Has been done. The department had announced the change in the deadline by issuing a notification on July 29.
These rules will be applicable to taxpayers who file their income tax returns on or after August 1. According to the new notification of CBDT, now the date of furnishing the return electronically will be deemed to be the same when Form ITR-V is submitted within 30 days from the date of transmission of data electronically.
verification is mandatory
As per income tax laws, ‘ITR will not be considered valid if it is not verified after filing. As per the rule you can verify this in six ways. Generally, audit of ITR-1, ITR-2 and ITR-4 is not required. Let us know in which ways ITR can be verified.
ITR can be e-verified by these methods
- Through Aadhaar OTP
- By logging into e-filing account through Net banking
- EVC through bank account number
- EVC through Demat Account Number
- EVC through Bank ATM
- By sending signed copy of ITR-V through post to CPC, Bengaluru