#itr-v

CPC-Send Signed ITR -V Acknowledgements for AY 2013-14 by 31st Oct’2014

CA Pratik Anand

Special Campaign by CPC-Send Signed ITR Acknowledgements/ITR-V for AY 2013-14 by 31st October’2014

The Centralised Processing Cell (CPC) of the Income Tax Department has started a special campaign where it is reminding those who have filed their income tax returns for the AY 2013-14 without digital signature and have not sent the signed copy of the Acknowledgement to CPC…

Tax return e-filers to send ITRV by speedpost

If you are filing online your Income Tax return, the paper copy of the ‘ITRV’ should only be sent through “speed post” to the Central Processing Centre (CPC) of the department in Bengaluru.

ITR-V or ‘Income Tax Return Verification’ form is issued as an acknowledgement to returns filed online.

You can check the status of ITR-V or ‘Income Tax Return Verification’ form at the following link :-

Know…

ITR-V due date for A.Y. 2012-13 and 2013-14 extended to 31.03.2014

Notification for Extension of date for receipt of ITR-Vs in CPC, Bengaluru, for the cases of AY 2012-13 and 2013-14 received/e-filed in FY 2012-13- Reg. There are many taxpayers who have uploaded their Income Tax Returns (without digital signature Certificate) for A.Y. 2012-13 [filed between 1.4.2012 to 31.10.2013] and for A.Y. 2013-14 [filed between 1.4.2013 to 31.10.2013], but have either not…

Income tax Department has released e-Filing Utility for ITR-  3 for A.Y.  2013-14 / F. Y. 2012-13.

To Whom it is Applicable ITR 3 for AY 2013-14  is to be used by an individual or an Hindu Undivided Family who is a partner in a firm and where income…

New Post has been published on http://www.indiantaxupdates.com/2013/07/17/sending-multiple-itr-v-in-one-envelope-to-cpc-bangalore/

Sending Multiple ITR-V in one Envelope to CPC - Bangalore

Guide on Printing, Signing and Sending ITR-V to CPC Bangalore

From the next assessment year it may not be necessary to take the printout of ITR-V and send it to CPC Bangalore. But for this year it is mandatory to take printout of ITR-V, signed it and send it to CPC Bangalore within 120 days of filing of return, if filed without affixing digital signature.

So here are points to remember of printing, signing and sending ITR-V to CPC Bangalore:

Printing of ITR-V

ITR-V should be printed out using laser or inkjet printer only, to make the bar code on the ITR-V clearly visible for quicker processing. Dot Matrix printed should not be used for this purpose.

Printout should be taken in Black Ink only.

Always use a fresh A4 size sheet to print ITR-V. Never print two acknowledgement forms back to back, in case you are taking printout of multiple ITR-V. Perforated paper or printout on any other size of paper is not acceptable.

Avoid printing ITR-V with any water marks. The only permissible watermark is that of “Income tax Department” which is printed automatically on each ITR V.

Signing ITR-V

The signature must be done in blue link only, and make sure it is clear and legible.

Photocopy of original signed ITR-V is not accepted, so always send original form having signed in blue ink to CPC Bangalore.

Sending ITR-V

Filing of non-digitally signed tax return is considered complete only when ITR-V reaches the CPC in Bangalore within 120 days of filing of return.

Earlier, sending multiple ITR-V was not acceptable but now you can put more than one ITR-V in same envelope. To make processing of your ITR quicker, send ITR-V of different assessment years in different envelopes.

Dispatch ITR-V in an envelope that can hold an A4 size paper without folding it or stapling it. Also note that no other document is to be attached such as Form 16/16A or TDS certificate etc.

CPC Bangalore Address:

The ITR-V forms should be sent by ordinary post or speed post addressed to

New Post has been published on http://www.indiantaxupdates.com/2013/06/16/no-need-to-send-itr-v-after-e-filings-from-a-y-2014-15/

No Need to Send ITR-V after E-Filings from A.Y. 2014-15

At present two options are available for tax payers to e-file ITR, either e-file ITR by affixing digital signature or without affixing digital signature. In first case there is no need to send ITR-V to the I-T department’s CPC, based in Bangalore but in the later case tax payer is required to take a print out of ITR-V and send it to the I-T department’s CPC, based in Bangalore within 120 days of e-filing, in case tax payer fails to do so, his/her return would deemed to be invalid return.

The above practice is adopted by every Indian and also CBDT has made mandatory for the assessee whose income exceeds Rs.5 lakhs to file tax return online with the main motto of shifting all the working paperless.

As per statistics during 2012-13, a 31 per cent jump was seen in e-filings by taxpayers as 2.14 crore entities filed returns online as compared to 1. 64 crore in 2011-12 but still most of e-filings are done without affixing digital signature means sending ITR-V becomes necessary and thus does not fulfill the motto of department.

So CBDT has come up with the new way which will save the taxpayer from the hassle of sending the paper document (called ITR-V) by post and tracking its acknowledgement which is going to be operational within this financial year i.e. F.Y. 2013-14 (A.Y. 2014-15).

The department would also thinking to introduce “new concept of third party validation of utilities developed for e-filing which will avoid mistakes in returns and bring uniformity in the interpretation of tax laws in filing of returns”.