VERIFICATION
OF TAX-RETURNS : ONE-TIME RELAXATION FOR AY 2015-16 TO 2019-20 WHICH ARE
PENDING DUE TO NON-FILING OF ITR V FORM AND PROCESSING OF SUCH RETURNS
Circular
No. 13 /2020
F. No. 225/59/2020/ITA-II
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
*****
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
*****
New Delhi, dated the 13th of July, 2020
Subject: – One-time relaxation for
Verification of tax-returns for the Assessment years 2015-16, 2016-17, 2017-18,
2018-19 and 2019-20 which are pending due to non-filing of ITR V form and
processing of such returns – reg.
In respect of an Income-tax Return (ITR) which
is filed electronically without a digital signature, the taxpayer is required
to verify it using any one of the following modes within the time limit of 120
days from date of uploading the ITR: –
i.
Through Aadhaar OTP
ii. By logging into e-filing account through net banking
iii. EVC through Bank Account Number
iv. EVC through Demat Account Number v. EVC through Bank ATM
vi. By sending a duly signed physical copy of ITR-V through post to the CPC, Bengaluru
ii. By logging into e-filing account through net banking
iii. EVC through Bank Account Number
iv. EVC through Demat Account Number v. EVC through Bank ATM
vi. By sending a duly signed physical copy of ITR-V through post to the CPC, Bengaluru
2. In this regard, it has been brought to
the notice of Central Board of Direct Taxes (‘CBDT’) that a large number of
electronically filed ITRs still remain pending with the Income tax Department
for want of receipt of a valid ITR-V Form at CPC, Bengaluru from the taxpayers
concerned. In law, consequences of non-filing the ITR-V within the time allowed
is significant as such a return is/can be declared Non-est in law, thereafter,
all the consequences for non-filing a tax return, as specified in the
Income-tax Act, 1961 (Act) follow.
3. In this context, as a one-time measure
for resolving the grievances of the taxpayers associated with non-filing of
ITR-V for earlier Assessment Years and to regularize such returns which have
either become Non-est or have remained pending due to non-filing/non-receipt of
respective ITR-V Form, the CBDT, in exercise of powers under section 119.of the
Act, in case of returns for
Assessment Years 2015-16, 2016-17, 2017-18, 2018-19 and 2019-20 which were
uploaded electronically by the taxpayer within the time allowed under section
139 of the Act and which have remained incomplete due to non-submission of I
TR-V Form for verification, hereby permits verification of such
returns either by sending a duly
signed physical copy of ITR-V to CPC, Bengaluru through speed post or through
EVC/OTP modes as listed in para 1 above. Such verification process must be
completed by 30.09.2020.
4. However, 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.
5. Further, CBDT, also relaxes the
time-frame for issuing the intimation as provided in second proviso to sub-section
(1) of Section 143 of the Act and directs that such returns shall be processed
by 31.12.2020 and
intimation of processing of such returns shall be sent to the taxpayer
concerned as per the laid down procedure. In refund cases, while determining
the interest, provision of section 244A (2) of the Act would apply.
6. In case the taxpayer concerned does not
get his return regularized by furnishing a valid verification (either ITR-V or
EVC/OTP) by 30.09.2020, necessary consequences as provided in law for non-filing
the return may follow.
7.
Hindi Version follows.
(Rajarajeswari R.)
Under Secretary (ITA.II), CBDT
Under Secretary (ITA.II), CBDT
IPPB IS TALKS WITH MULTIPLE
GOVERNMENT DEPARTMENTS AND OTHER INSTITUTIONS OF REPUTE WHERE THERE HAS BEEN A
REQUIREMENT TO TRACK THE ACCOUNT OPENING.
IPPB has already received mandates for on boarding beneficiaries
of various schemes.To cater to the need of tracking of the account opening
specific to mandates, IPPB has come up with the customization in the account
opening process. The End User(EU) shall have the option to open all the
accounts either in the normal route or by tagging the accounts with specific
mandates.
The basic solutions which the mandate account opening provides
are :
1. t will provide the option to tag an account for single or
multiple DBT/Campaign scheme code for which the account has been opened.
2. It will enable identification of
accounts through the DBT/Campaign Scheme name, the listing of all account
opened for the customers under a specific DBT Scheme for any Government department
3. It will provide the provision for selection
of relevant Government Scheme (or any other Scheme beyond DBT as well) from an
extended master list of Schemes maintained in custom library for tagging the
account at the account opening stage or a later stage as well
4. It will enable to capture specific
beneficiary ID/identifier as per the scheme for which the account
is being opened.
5. The mandate will also have the provision
to validate The beneficiary ID if IPPB has got a database
from the Govt department or institution whose mandate IPPB is implementing.
Note :
Modification rights of the custom table/library of the schemes
with bifurcation of national/state hierarchy to be provided to authorized users
(at CO only).
As and when a new scheme/campaign is added to the list, the
modified library would be replicated in the front end during the account
opening process.
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