Saturday, 4 August 2018

Frequently Asked Questions: Sending ITR-V to CPC


  1. Is it possible to send multiple ITR-V forms?
  2. Yes, you can send multiple ITR-V forms. This is applicable for instances where the individual has switched employments and has more than one Form – 16.   


  3. What is the difference between ITR-1 and ITR-V?
  4. The ITR-1 Form is also referred to as Sahaj. The ITR-1 Form is a type of Income Tax Return Form that is applicable for salaried individuals. When an individual draws income from employment, interest, or pension, he/she is required to furnish the ITR-1 Form. The ITR-V (Income Tax Return–Verification) Form is furnished to indicate that the details in your form are verified. Once you have filed your ITR electronically, you are required to validate the signature in order for it to be considered as accurate by the IT Department.
  5. Do we need to send Form-16 along with the ITR-V?
  6. No, the ITR-V doesn’t require any supporting documents.
  7. What are the documents that need to be attached with ITR-V and ITR-1?
  8. The ITR-V doesn’t require any supporting documents, however, the ITR-1 requires the following supporting documents:
    • Copy of the PAN Card
    • Form 16 - For salaried individuals
    • Form 16A - For non-salaried individuals
    • Bank statement/passbook
    • Form 26AS
    • Proof of investments along with relevant receipts
  9. How to complete the ITR-V?
  10. If you have filed your income tax returns electronically without the digital signature, you will receive the ITR-V from the IT Department, you will be required to sign the ITR-V and send it to the Central Processing Centre (CPC) in Bangalore. If you fail to sign the ITR-V and send it within the due deadline, your tax filing will be considered as invalid. The signed ITR-V needs to reach the CPC within 120 days of filing the ITR.
  11. How to get a duplicate ITR-V?
  12. If you have filed your ITR online, then can easily obtain a copy of the ITR-V on the website - https://incometaxindiaefiling.gov.in/. However, if you have filed your ITR manually, you will need to write to the AO for the duplicate ITR-V. To obtain a duplicate ITR-V in case of an online ITR filing, you can login to the above website with your credentials, navigate to your account section, choose the assessment period and download the ITR-V. The ITR-V needs to be printed on an A4 size paper in black ink only.
  13. How to change the email address in ITR-V?
  14. In order to change the e-mail address in ITR-V, you can login to your account, visit the settings, click on change, enter the new e-mail address and click on submit.
  15. How to obtain the ITR-V acknowledgment?
  16. If you have not received your acknowledgment, you can download it from the website of the IT Department - https://incometaxindiaefiling.gov.in. Once you have logged into your account, navigate to 'E-filing processing status' under the 'My Account' tab, this section will display the ITR-V available for download. You can also use the e-filing acknowledgment number to retrieve the ITR-V by navigating to 'ITR-V Receipt Status' option under the 'Services' section of the website.
  17. What is the last date or time limit to send the ITR-V?
  18. The Income Tax Department allows you to send the ITR-V within 120 days from the date of filing the ITR online. At certain instances, the IT department may extend the deadlines.
  19. What to fill in ITR-V acknowledgment?
  20. The ITR-V acknowledgment requires your signature. Once you have signed the ITR-V, you will need to send it to CPC, Bangalore without any supporting documents.
  21. Can I send the ITR-V to CPC through courier or registered post?
    No. You cannot send use anything other than ordinary post or speed post, where you do not need an acknowledgement from the receiver.
  22. Can I sign the ITR-V and then send a photocopy of it to the CPC?
    No. The ITR-V has to be signed in original and not photocopied. The signature should not be done on the barcode.
  23. Can I use a recycled paper to print the ITR-V?
    As eco-friendly as the idea is, the CPC does not accept ITR-Vs that have anything else printed on the other side.
  24. Can I send more than 1 ITR-V in the same envelope?
    Yes. There is no restriction on the number of ITR-Vs you can send in the same envelope to CPC. However, ensure that the barcode is not tampered with and that the ITR-Vs are not stapled together.
  25. If I fail to download the ITR-V after filing the return, where will I find it for future reference?
    The ITR-V is available on your Income Tax e-filing profile. Sign in to the site, go to ‘My Account’ and choose ‘My Returns/Forms’. You will find all ITR-Vs that you have filed online, at this location.
  26. Is there any way I can verify my Income Tax Return without having to send the physical copy to CPC?
    Yes. You can choose either electronic verification code (EVC) or Aadhaar Card verification instead of sending the physical copy. First you need to link your Aadhaar with PAN to facilitate the e-verification.
  27. Can I do an online verification for ITR-Vs other than the immediate preceding year?
    Earlier, the department did not permit ITR-Vs of assessment years other than the one immediately preceding the current fiscal, to be verified online. However, in a recent circular, the Income Tax Department has said that regularisation of ITR-Vs from 2009-10 to 2014-15 can be done through EVC for the convenience of the taxpayer. However, this has to be done before July 31, 2016 – this is an extended deadline and a final opportunity for regularisation of ITRs.

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