All About ITR-V of Income Tax Return of the Assessee

Income Tax Return

A person whose gross total income is above chargeable to income tax is required to submit an Income Tax Return to Income Tax Department online. After submitting the Income Tax Return it must be verified by the assessee through EVC or be signed with a digital signature if the assessee is required to get his account audited.

You may e-verify the electronically transmitted return data using Aadhaar OTP or log in to an e-Filing account through a Net-Banking login or EVC obtained generated using Pre-Validated Bank Account/Demat Account or EVC generated through Bank ATM.

Alternately send the duly signed (preferably in blue ink) Form ITR-V to “Centralized Processing Centre, Income Tax Department, Bengaluru 560500”, by ORDINARY POST OR SPEED POST ONLY, so as to reach within 120 days from the date of submission of ITR.

The assessee is advised to Login www.incometaxindiaefiling.gov.in and Go To My Account - View e-Filed Returns/Forms' - e-Filed Returns/Forms and download the ITR-V again for the relevant Assessment Year.

The password is a combination of PAN (in lower case) and DOB in DDMMYYYY format for e.g. for PAN: bcmps1106b and dob: 02/10/1980, the password should be entered as bcmps1106b02101980. Income Tax Department-CPC will also send ITV to the e-mail ID registered in the e-filing account. So you can take the printout from there also

If Form ITR-V is received beyond the 120th day of electronic transmission of the return data or e-Verified beyond the 120th day of electronic transmission of the return data, then the day on which e-Verified or the Form ITR-V is received at Centralized Processing Centre, Income Tax Department, Bengaluru would be treated as the date of filing the Income Tax Return and all consequences of Income Tax Act shall accordingly be applicable.

Form ITR-V shall not be received in any other office of the Income Tax Department or in any other manner. The confirmation of receipt of this Form ITR-V at ITD-CPC will be sent to the e-mail Id registered in the e-Filing account. On successful verification, the return filing acknowledgement can be downloaded from the e-Filing portal as proof of completion of the process of filing the return of Income.

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