Time limit for verification of return!!!

Verification of ITR – 30 Days from submitting ITR.

Important Change in 30 Days time in case of ITR-V!!

As per Law earlier DATE OF DISPATCH was to be considered for 30 Days time period – NNo. 05/2022

Now the DATE ON WHICH DULY VERIFIED ITR-V IS RECEIVED BY CPC shall be considered for determining 30 Days – NNo. 2/2024 dt. 31/03/2024Corrigendum to ITR Verification Notification 02/2024

Important takeaways :-

📌If ITR remains unverified even post 30 days of submitting & if “due date” of filing ITR has also expired then it will be treated as INVALID & you need to file Belated ITR again.

[Currently as per NNo. 5/2022, ITR won’t get invalid in such case, but on verification after the due date it will be treated as Belated ITR]

📌Any ITR filed after due date i.e. Belated or Revised ITR then same needs to be verified within 30 days of submitting, otherwise it will be treated as Invalid.