Reduction of time limit for verification of Income Tax Return

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Reduction of time limit for verification of Income Tax Return (ITR) from within 120 days to 30 days of submitting ITR.

Due date for filing Income tax return for AY 2022-23

  • CBDT issued notification no 05/2022 dated 29th July 2022 to revise time limit for verification of ITR.
  • Now ITR filed on or after 01/08/2022 need to verify within 30days of submitting online instead of earlier time of 120 days
  • This revised time limit will be applicable for ITRs filed on or after 01/08/2022
  • Existing time limit of 120 days will be applicable for ITRs filed up to 31st July 2022
  • ITRs not verified within 30days of submission would be treated as late filed and all consequences of late filing of return under the Act shall follow.
  • W.e.f. 01/08/2022 ITR-V can be sent by speed post only ! Can't say ITR sent by post but not received at cpc :-
  • The date of dispatch of Speed Post of duly verified ITR-V shall be considered for the purpose of determination of the 30 days period.
  • Date of verification of ITR will be the date of filing ITR if verification done post 30days.

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