Table of Contents
What happens if ITR V is not submitted within 120 days?
If you fail to submit your ITR-V within 120 days of filing your Income Tax Return, then your Income Tax Return will be considered as null and void or invalid. It means, the Income Tax Department will consider, that you have not yet filed your IT return.
How can I request condonation of delay in filing ITR?
Step 1: Log in to the e-Filing portal using your user ID and password. Step 2: On your Dashboard, click Services > Condonation Request. Step 3: On the Condonation Request page, select Delay in submission of ITR-V option and click Continue.
What will be next step after the income tax return is treated as invalid return?
When an ITR has been declared invalid, there is no need to file revised return. An assesse can file another return as a belated return u/s 139(4) within the time limits prescribed.
How do I rectify my return online?
Note:
- Go to the ‘My Account’ menu located at upper-left side of the page ↓ Click ‘View e-Filed Returns/Forms’
- Select ‘Rectification Status’ from drop down list Click ‘Submit’ Note: • Taxpayer can withdraw rectification within end of the day of request. •
What if ITR-V is rejected?
What to do, when ITR-V is rejected? File a revised return and send the revised ITR-V to CPC Bangalore via speed post. Once you mark your return as revised, go ahead and e-File it. You’ll receive your revised ITR-V on your registered email ID.
How do I raise condonation request?
Step 1 – Login into your e-filing portal account. Step 2 – Select the option of Service Request available under My Account. Step 4 – Select option of Condonation Request under Request Category and click Submit.
What is invalid return of income tax?
If the defect is not rectified within a period of fifteen days or the extended days allowed,the original return will be treated as an invalid return. This means it will be considered as if no income tax return has been filed.