Here’s the last date to verify for AY 2020-21

The Central Board of Direct Taxes (CBDT) has determined to offer one-time rest for the verification of e-filed Revenue Tax Returns that are pending e-verification.

ITRs for earnings earned within the monetary yr 2019-20 was filed within the evaluation yr 2020-21. 

As soon as an ITR is filed, it must be verified inside 120 days of submitting to finish the method, failing which the ITR is taken into account defunct.

An ITR will be verified electronically by means of web banking, Aadhaar-based one-time-password (OTP), Demat account, pre-validated checking account and ATM.

Alternatively, taxpayers can submit a self-attested copy of the ITR acknowledgement receipt to the Centralised Processing Centre (CPC) workplace in Bengaluru.

“It has been delivered to the discover of Central Board of Direct Taxes (‘Board’) that giant variety of electronically filed ITRs for the Evaluation 12 months 2020- 21 nonetheless stay pending with the Revenue-tax Division for need of receipt of a legitimate ITR-V Type at CPC, Bengaluru or pending e-Verification from the taxpayers involved,” CBDT stated.

In view of this, CBDT has allowed one-time rest to ITRs pending for e-verification and given an extension to confirm till 28 February 2022.

This comes as practically 5.89 crore I-T returns have been filed on the brand new e-filing portal of the I-T division until 31 December.

“Greater than 46.11 lakh ITRs have been filed on 31.12.2021. So as to help taxpayers with a clean expertise on the portal, 16,850 taxpayer calls and 1,467 chats have been responded to by the helpdesk,” stated the federal government. 

Out of the entire ITRs filed for AY 2021-22, 49.6% of those are ITR1 (2.92 crore), 9.3% are ITR2 (54.8 lakh), 12.1% are ITR3 (71.05 lakh), 27.2% are ITR4 (1.60 crore), 1.3% are ITR5 (7.66 lakh), ITR6 (2.58 lakh) and ITR7 (0.67 lakh). Over 45.7% of those ITRs have been filed utilizing the web ITR kind on the portal and the stability have been uploaded utilizing the ITR created from the offline software program utilities.

The central authorities had on Friday introduced that the deadline for ITR submitting is not going to be prolonged past 31 December 2021.

“There may be completely no proposal to increase the submitting date,” income secretary Tarun Bajaj stated.



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