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Friday, 14 April 2023

Income Tax Department New Campaign For Non-Verified ITRs

Income Tax Department New Campaign For Non-Verified ITRs


Income Tax Department New Campaign
Income Tax Department has started new campaign on 6 April, 2023, for ITRs which are filed between 1 April, 2022 to 31 July, 2022 but not verified yet.

In this campaign, the Income Tax Department has sent emails to those taxpayers whose ITRs are falls in above category and not verified yet. The email is as under:

“It is observed that your ITR is filed between 1.4.2022 to 31.07.2022 for AY 2022-23 and not verified within 120 days. It shall be taken up for further processing only when it is verified, therefore you are requested to complete the e-verification process by raising a condonation request from the e-filing portal on www.incometax.gov.in at the earliest.”

ITR Non Verification- Consequences
Let us tell you that if an ITR is not verified within time limit, then the same is deemed as never filed and all the consequences of non-filing of return are applicable to the taxpayer concerned. Also, if a taxpayer fails to file required return within the due date, the assessing officer is under obligation to make an assessment to best of his judgment u/s 144 of the Income Tax Act. In addition to this, the taxpayer may face other consequences like problem in bank finance, carry forward of losses, claim of refund etc.

How To E-Verify ITR
Step-1: Log in to income tax e-filing portal here https://www.incometax.gov.in/iec/foportal/

Step-2: Click on e-file > income tax returns > e-verify return

Step-3: Select available assessment year, file condonation request and e-verify ITR by choosing applicable option.



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