Press Release, dated 4-1-2013

What this is

Press Release, dated 4-1-2013 was issued by the Central Board of Direct Taxes on 4 January 2013. Its subject is Income TAX Department.

What it does

Extends the time to send in ITR-V forms for returns filed electronically without a digital signature. For assessment year 2010-11 returns filed during financial year 2011-12, and for assessment year 2011-12 returns filed on or after 1 April 2011, the time is extended to 28 February 2013. For assessment year 2012-13 returns whose ITR-V has not reached CPC and where the 120 days have already run out, the time is extended to 31 March 2013 or 120 days from the date of uploading the electronic return data, whichever is later. It records that the DGIT (Systems) exercised this power under clause (ii) of paragraph 14 read with clause (7) of paragraph 4 of the Centralized Processing of Returns Scheme, 2011, notified by CBDT Notification No. SO 16(E) dated 4 January 2012.

Why it was issued

A large number of ITR-V forms for assessment years 2010-11, 2011-12 and 2012-13 had still not reached the Centralized Processing Centre at Bengaluru, and taxpayers were given a further opportunity to send them.

Who it reaches

• Taxpayers who e-filed without a digital signature for assessment years 2010-11, 2011-12 and 2012-13
• Taxpayers whose returns were treated as not filed for want of ITR-V
• CPC, Bengaluru, which receives the forms

The instrument, as the Board published it

INCOME TAX DEPARTMENT
PRESS RELEASE
The Director General of Income Tax (System) as per powers assigned to it
under clause (ii) of Para 14 read with clause (7) of Para 4 of the 'Centralized
Processing of Returns Scheme, 2011', issued as per C B D T Notification No. SO
16(E) dated 4.1.2012, has decided to extend the time limit for filing ITR-V forms relating
to Income Tax Returns filed electronically (without digital signature Certificate) for A.Y.
2010-11 [filed during F.Y.2011-12] and for ITRs of A.Y. 2011-12 [filed on or after 1.4.2011]
till 28th February, 2013. In respect of returns filed for A.Y. 2012-13 for which ITR-V forms
are yet to be received at CPC and time of 120 days has also elapsed, time limit for filing
of ITR-V is extended upto 31st March, 2013 or within a period of 120 days from the date
of uploading of the electronic return data, whichever is later.

2. The Relaxation has been made since there are still a large number of electronic
returns relating to A.Y. 2010-11, 2011-12 and 2012-13 for which the ITR-V forms have not
yet been received at the Centralized Processing Centre (CPC), Bengaluru. These
taxpayers are being given an opportunity to send ITR-V forms to the CPC, Bengaluru by
the date mentioned in para 1 above.

3. Taxpayers can also verify their status of receipt of ITR-V at e-filing website
https://incometaxindiaefiling.gov.in. They can also download the ITR-V from the same
website from sub-menu My Return under main-menu of My account after login into
abovementioned website.

4. The ITR-V forms should be sent by ordinary post or speed post addressed to CPC,
Post Bag No.1, Electronic City Post Office, Bengaluru-560100.

What to watch

• This is a press release recording a decision of the DGIT (Systems) under the Centralized Processing of Returns Scheme, 2011; it is not a circular of the Board and does not carry section 119 authority.
• All three extended dates have long passed, so it is spent.
• The assessment year 2012-13 limb is the later of two dates, 31 March 2013 or 120 days from uploading, so a late-uploaded return got the longer period.
• The press release directs that ITR-V be sent by ordinary post or speed post to CPC, Post Bag No. 1, Electronic City Post Office, Bengaluru 560100, and no other mode.

Where you meet it

You meet it where a return of one of those years was treated as never filed because the ITR-V did not reach CPC in time, and the assessee relies on this extension.

← Press Release, dated 14-1-2013  ·  Circular No. ITAT's Practice Note, dated 1-1-2013 →