Let us examine the provisions relating to signing of returns and sending of acknowledgements to CPC Bangalore and the implications of not doing so. It means that every return filed has to be verified by the concerned person. Ques: What if the return is not digitally signed? Ans: Digital Signing of the return is not compulsory in all cases. In case an assessee does not file the return by using digital signature, then he has to send a physically signed copy of the acknowledgement of the filing of return ITR-V to CPC Bangalore within days of e-filing of the return.
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However, a person who is required to file the return of income under section 4A or 4B or 4C or 4D shall not use this form. All such documents enclosed with this Return Form will be detached and returned to the person filing the return. Please refer to www. However, a firm whose accounts are liable to audit under section 44AB shall compulsorily furnish the return in the manner mentioned at ii above.
The other copy may be retained by the assessee for his record. From assessment year onwards all assessees other than company and person filing return in ITR-7 having total income more than 5 lakh rupees are required to furnish the return in the manner provided at 4 ii or 4 iii.
Also in case of an assessee to whom Schedule FSI and Schedule TR apply, he has to furnish the return in the manner provided at 4 ii or 4 iii. Further, the assessee who is liable to file the above reports electronically shall file the return of income in the manner provided at 4 ii or 4 iii. Only one copy of this Return Form is required to be filed. Where the Return Form is furnished in the manner mentioned at 4 i , the acknowledgement slip attached with this Return Form should be duly filled.
Dealing with reassessment under Income Tax Act, Cancel reply Leave a Comment Your email address will not be published. Latest Posts. Transitional Credit if not claimed in Tran-1, lost forever!!
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Income-tax return FAQs
Home Archive Personal finance. Income-tax return FAQs. Updated: Jul 23 , pm hrs. The due date for filing personal tax returns for FY13 and assessment year is July The government has made consistent efforts to streamline the process of filing returns.
ITR V Acknowledgement AY 2013-14