Sandeep Ahuja & Co.

Established in the year 1986, we are a leading chartered accountancy firm based in Delhi & NCR rendering comprehensive professional services which include statutory audit, internal audit, direct tax, transfer pricing, GST, bank audit, propriety audit, cost accounting, internal financial controls and risk advisory.

Wednesday, September 17, 2014

Last Date for accepting Verification Form ITR V at CPC of Income Tax Department is 31st October for returns filed for the AY 2013-14

The CPC of the Income Tax Department has started a special campaign where they are accepting the Verification Form ITR V for  income tax returns filed for the AY 2013-14 without digital signature and have not sent the signed copy of the Acknowledgement to CPC Bangalore.
The CPC has given last chance to those who have not sent the signed copy of the Verification Form ITR V or say Acknowledgement, to do so by 31st October’2014.

In case an assessee does not file the return by using digital signature, then he has to send a physically signed copy of the acknowledgement or ITR V of the filing of return to CPC Bangalore within 120 days of e-filing of the return.

Requirement of sending of acknowledgements to CPC Bangalore and consequences:
-       The return filing process is not complete without sending the signed copy of acknowledgement/ ITR V.
-       The return will not be processed if signed copy of the acknowledgement / ITR V is not furnished to the CPC.
-       The Income Tax department will validate the contents of the return only if they receive copy of signed acknowledgement / ITR –V at CPC Bangalore.
-       The return sent will not be considered as a valid return.
-       No Refund will be issued if claimed.
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Now, last date is 31st October to accept the signed copies of the acknowledgements/ITR-V at CPC-Benglore for the AY 2013-14.

Also signed copy of ITR-V for AY 2014-15 is to be sent to CPC within 120 days of e-filing the return.

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