Beginning on August 1, the Income Tax department has decreased the window of time for e-verification or hard copy submission of the ITR-V, post-filing taxpayer returns, from 120 days to 30 days.
The agency announced the modification in the timeframe in a notification on July 29.
The final step in the return filing procedure is ITR e-verification; if it is not done within the allotted period, an ITR is regarded as invalid.
"It has been decided that the time limit for e-verification or submission of ITR-V shall now be 30 days from the date of transmitting/uploading the data of return, with respect to any electronic transmission of return electronically, data on or after the day this notification comes into effect.
It said the order comes into effect from August 1.
Until recently, after filing an Income Tax Return (ITR), you had 120 days from the date of uploading the ITR to e-verify the ITR or mail the ITR-V.
The notification made it clear that returns would be considered late or past due if the ITR's e-verification or hard copy ITR-V were received through the mail after the allotted 30 days.
ITR-Vs can be sent via regular mail to the Centralized Processing Center, Income Tax Department, Bengaluru-560500, Karnataka, at the customary address with "speed post only."
It stated, "For the purpose of determining the 30 days period, from the date of transmitting the Income-tax return electronically, the date of shipment of speed post of duly validated ITR-V shall be regarded."
