FAQ related to ITR and E-verifying ITRs in India

FAQ related to ITR and E-verifying ITRs in India

What is Timelines for E-verifying ITRs in India ?

The CBDT Corrigendum to Notification No. 02 of 2024 dated 31.03.2024 clarifies the procedures and timelines for e-verifying ITRs in India. This notification emphasizes the importance of timely e-verification of Income Tax Returns to ensure that they are considered valid and to avoid the penalties and consequences associated with late filing. Corrigendum to Notification summary are mention here under:

Implementation of e-Verification Scheme-2021

How many Days ITR E-Verification to be completed?

• E-Verification within 30 Days: If the Income Tax Returns is uploaded and the e-verification (or submission of ITR-V) is completed within 30 days of uploading, the date of uploading the return will be considered the date of furnishing the return.

What happen if taxpayer Failure to E-Verify within 30 Days, Than How many Days ITR E-Verification to be completed?

• Failure to E-Verify within 30 Days : If the Income Tax Returns is uploaded but not e-verified (or the ITR-V is not manually verified) within 30 days of uploading or by the due date for filing the ITR (whichever is earlier), the return will be treated as invalid.
• If the due date has expired, the return will be considered as a Belated Income Tax Returns Filing, and all the consequences of late filing, as prescribed under the Income Tax Act, will apply.

How many Days ITR E-Verification of Belated or Revised ITR can be done ?

• Any Income Tax Returns filed after the due date (whether it is a belated or revised return) must be e-verified within 30 days. Failure to do so will result in the return being treated as invalid.

Original ITR filed before due date. Just because of demand notice return has to revised. Kindly confirm we can file or not?

• NO

Whether updated return can be filed before the end of assessment year.

• Case Facts: Assessee missed to file ITR for financial yr 2022-23 due date for which was July 23. As It’s relevant assessment yr is 23-24 which is going to end tomorrow. Can we file U return by 31st or to wait for 1st April 24.
• Updated return can be filed within 2 year from end of relevant A.Y.in your case updated return file till 31st march,2026. But the penalty on tax would be 25% more

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