Forgot To Verify Your Income Tax Return (ITR) File Condonation of Delays while Filing ITR-V: Once you have verified your return, the process of filing an income tax return is complete. Returns can be verified online (using an Aadhaar one-time password, and EVC obtained through net banking, etc.) or by mailing a physical copy of the ITR-V to Bengaluru’s Central Processing Centre within 120 days of filing.
The department will consider an unverified return to be invalid. It signifies you haven’t filed a return for that assessment year. The assessee must repeat the entire process and resubmit the income tax return as a late return.
According to Section 119(2)(b), the Central Board of Direct Taxes (CBDT) may, by general or special order, authorise any income-tax authority, other than a Commissioner (Appeals), to admit an application or claim for an exemption, deduction, refund, or other relief under this Act after the expiry of the Act, if it considers it desirable or practical to do so for avoiding genuine hardship in any case or class of circumstances. According to the preceding section, the income tax department has broad jurisdiction to accept requests for delays on the income tax e-filing system.
- How to Ask for an ITR-V Filing Delay To Be Excused Online?
- Monitoring Status of a Request for a Condonation
- Will There Be A Penalty if ITR Verification is Delayed?
How to Ask for an ITR-V Filing Delay To Be Excused Online?
By entering into the income tax e-filing system, you can submit a condonation request online, follow the given steps:
Step 1: Visit https://www.incometaxindiaefiling.gov.in for further information.
Step 2: On the right-hand side panel of the website, select the Login here option under Registered User.
Step 3: Log in to your account on the e-filing portal.
Step 4: Select the Service Request option from the My Account menu.
Step 5: Select New Request from the Request Type drop-down menu.
Step 6: Select the Condonation Request option from the Request Category drop-down menu and click Submit.
Step 7: On the following screen, you’ll see a list of the applicable Assessment Years for which you can request a condonation.
Step 8: Click Submit after selecting the appropriate cause for the delay. Any of the following reasons for the delay will be chosen:
- ITR-V was sent by mail earlier, but CPC did not receive it.
- Unaware that the ITR-V supplied to CPC had been rejected due to technical issues.
- Not familiar with the e-verification procedure
- No idea that a signed ITR-V had to be provided to the CPC.
- Others are (you are required to enter remarks if you select Others)
Step 9: A confirmation message will appear, indicating that the request has been processed and transmitted for approval.
Monitoring Status of a Request for a Condonation
Here are the steps that you must follow to track the status of a condonation request:
- Step 1: Log in to the e-filing portal’s account.
- Step 2: Select the Service Request option from the My Account menu.
- Step 3: Select View Request from the Request Type drop-down menu.
- Step 4: Select the Condonation Request option from the Request Category drop-down menu and click Submit.
- Step 5: On the following screen, you’ll see a list of all the condonation requests that have been submitted, as well as their current status.
There is a time limit for filing a request for a condonation delay
There is no time limit for requesting a condonation. However, it is recommended that you file a request for a pardon as soon as you realise you made a mistake by not validating ITR-V within 120 days after filing your return.
The Income Tax Department may also ask you to submit a condonation request online for the preparation of your return in the following circumstances:
- Suppose CPC Bengaluru receives your ITR-V beyond 120 days; in that case, you will receive a notification from CPC advising you to file a condonation request electronically, and your return will be contingent on a condonation request acceptance.
- If you try to verify your return online, you will be prompted to obtain a condonation simultaneously.
Will There Be A Penalty if ITR Verification is Delayed?
In law, a non-verified return is considered void, and all of the consequences of not submitting a return are applied. If the assessee’s request for a pardon is granted, he will not be liable to any penalties. Section 234F deals with penalties for failing to file an ITR on time or filing it late. There would be no penalty under section 234F if the ITR is filed before the deadline, but the verification of the ITR takes more than 120 days.