Monday, February 15, 2010

CBDT EXTENDS TIME LIMIT FOR ITR-V FORM

The Central Board of Direct Taxes (CBDT) has extended the time limit for filing of ITR-V, which is
the form relating to income tax returns filed electronically (without digital signature). For returns
to be filed on or after April 1, 2009, the CBDT has extended the time limit to March 31, 2010, or within a period of 120 days from the date of uploading of the electronic data, whichever is later. An official release said that the ITR-V form should continue to be sent by ordinary post to Post Bag No 1, Electronic City Post Office, Bengaluru—560100. However, in cases where email acknowledgement for ITR-V form is not received by the taxpayer from the CPC, Bengaluru, then the taxpayer may send another duly signed ITR-V form by speed post to the centralised processing centre in Bengaluru.

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