CBDT Notifies Changes In ITR-V And Acknowledgement Forms

The Central Board of Direct Taxes (CBDT) has notified the changes in ITR-V and acknowledgement forms.

The Board has notified the Income-tax (Fifth Amendment) Rules, 2024 which shall come into effect from 1 April, 2023.

The taxpayers will find additional instructions in the recently notified ITR-V.

The taxpayer shall e-verify the electronically transmitted return data using Aadhaar OTP or Login to e-Filing account through Net-Banking login or EVC generated using Pre-Validated Bank Account/ Demat Account or EVC generated through Bank ATM. Alternately, the taxpayer may send the duly signed (preferably in blue ink) Form ITRV to “Centralised Processing Centre, Income Tax Department, Bengaluru 560500”, by SPEED POST ONLY.

Form ITR-V shall not be received in any other office of the Income-tax Department or in any other manner. The confirmation of receipt of this Form ITR-V at ITD-CPC will be sent to the e-mail Id registered in the e-filing account.

On successful verification, the return filing acknowledgement can be downloaded from e-Filing portal as a proof of completion of process of filing the return of Income.

The signature must be done only in the box provided for signature. Signature anywhere else other than the box provided can render the ITR-V invalid.

Where ITR data is electronically transmitted and ITR-V is submitted within 30 days of transmission of data- in such cases the date of transmitting the data electronically shall be considered as the date of furnishing the return of income.

Where ITR data is electronically transmitted but ITR-V is submitted beyond the time-limit of 30 days of transmission of data- in such cases the date of ITR-V submission shall be treated as the date of furnishing the return of income and all consequences of late filing of return under the Act shall follow.

Notification No. 37/2024

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