Reduction of time limit for verification of Income Tax Return (ITR) from within 120 days to 30 days of transmitting the data of ITR electronically

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.... Directorate of Systems New Delhi, dated : 29.07.2022 Subject: - Reduction of time limit for verification of Income Tax Return (ITR) from  within 120  days  to 30  days  of transmitting  the  data of ITR electronically- reg. The Central Board of Direct Taxes (CBDT) vide Circular No. 3/2009 dated 21-05-2009 notified the new Income Tax Return (ITR) forms ....

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....nbsp; after  the  date  of  transmitting  the  data electronically. In case, form ITR-V is submitted after the above-mentioned period, it will be deemed that the return in respect of which the form ITR-V has been filled was never submitted and it shall be incumbent on the assessee to electronically re-transmit the data and follow it up by submitting the new form ITR-V....

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....is clarified that where the return data is date electronically transmitted before the on which this Notification comes into effect, the earlier time limit of 120 days would continue to apply in respect of such returns. 6.  It is further clarified: (i)  Where ITR data is electronically transmitted and e-verified/ITR-V submitted within 30 days of transmission&nbs....

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.... Bengaluru - 560500, Karnataka. 8.   The date of dispatch of Speed Post of duly verified ITR-V shall be considered for the purpose of determination of the 30 days period, from the date of transmitting the data of Income-tax return electronically. 9.   This Notification shall be applicable for electronically transmitted Income-tax return data filed on the e-filing ....