New Delhi: Today is the last day for certification for AY 2020-21. In order to complete the ITR registration process, you must also ensure your Income Tax Returns. Without certification within the stipulated time, an ITR is treated as undesirable.
The ITR that you will have submitted for the Assessment year or Fiscal year is for income between 1 April 2018 to 31 March 2019.
CBDT has reminded taxpayers to certify themselves before the deadline.
– Indian Income Tax (@IncomeTaxIndia) March 28, 2022
You may recall that the Central Board of Taxes (CBDT) in December last year announced that it has provided a one-time leave for ITRs certification for AY 2020-21 which is pending for certification due lack of submission of ITR-V form or pending e-Verification. CBDT has certified the extension of e-validated ITRs for AY 2020 until 28 February 2022.
“It is in the hands of all ITRs for the 2020-21 Assessment Year which is published electronically by taxpayers within the time allowed under section 139 of the Act and which is due to the lack of submission of the ITR-V Form pending e- The jurisdiction, the Commission, is exercising its powers under section 119 (2) (a) of the Act, and therefore permits the certainty of such returns either by sending a valid copy of the ITR-V to the CPC, Bengaluru by post or by EVC / OTP conditions as listed in para 1 above. Such certification process must be completed by 28.02.202, ”said a CBDT statement.
The Central Committee of Direct Taxes recognizes that a large number of electronic ITRs submitted for the 2020-21 Assessment Year are also pending with the Tax Department for the lack of collection of the applicable ITR-V Form CPC, Bengaluru or e-Verification from a taxpayer of an issue.
This holiday, however, will not take place in those cases, where during the interim period, the Department of Taxation has received a refund to any other size as specified in the Act for ensuring filing of tax return by the taxpayer. pay the tax just after the announcement of the return as non-est, further portions mentioned.