: CBDT asks taxpayers to verify ITRs for AYs 201516 to 201920 by September 30 #FinanceIndia #StockMarketNEWS CBDT asks taxpayers to verify ITRs for AYs 2015-16 to 2019-20 by September 30 New Delhi,

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CBDT asks taxpayers to verify ITRs for AYs 201516 to 201920 by September 30 #FinanceIndia #StockMarketNEWS
CBDT asks taxpayers to verify ITRs for AYs 2015-16 to 2019-20 by September 30 New Delhi, July 14 (KNN) The Central Board of Direct Taxes (CBDT) has announced a one-time relaxation to taxpayers who have not yet verified their e-filed tax returns for AYs 2015-16 to 2019-20 and asked them to complete the verification process by September 30, 2020.

The CBDT, on Monday, said that a large number of electronically filed ITRs still remain pending with the Income Tax Department for receipt of valid ITR-V form from taxpayers amid the ongoing coronavirus pandemic and the consequent lockdown across the country.

The CBDT permits verification of such returns either by sending a physical copy of the ITR-V to CPC, Bengaluru or through EVC or OTP modes, latest by September 30, 2020.

However, it clarified that “this relaxation shall not apply in those cases, where during the intervening period, Income Tax Department has already taken recourse to any other measure as specified in the Act for ensuring filing of tax return by the taxpayer concerned after declaring the return as non-est.”

A taxpayer filing Income Tax Returns (ITR) electronically without digital signature has to verify it using either Aadhaar one-time password (OTP), or logging into e-filing account through net banking, or by Electronic Verification Code (EVC) or by sending a duly signed physical copy of ITR-V through post to CPC Bengaluru within 120 days of uploading the ITR.

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