What Happens When You Fail to Send the ITR-V Form to Bangalore?
When you fail to send the ITR-V form to Bangalore, there are significant consequences for your income tax return. This article explains the process and the potential implications of such an oversight.
Notion of Non-Submission: The Notice of Instatement
Upon checking the email address you provided to the tax department, you will receive a notice of non-submission of the ITR-V form. This notice is crucial to understanding your next steps.
Substitution of ITR-V
If you have filed an income tax return but have not verified it through digital signatures or one-time passwords, you are required to sign it physically and send it to Bangalore. This is mandatory, as you have not officially filed the return. If no tax liability is payable, then signing and sending the form to Bangalore will prevent any serious consequences.
Automatic E-Verification: Link Your Income Tax Portal with Aadhaar
One of the best practices to avoid this situation is to link your income tax portal details with Aadhaar (a unique identification number in India). This will enable automatic e-verification of your return, eliminating the need to send it to Bangalore.
Reminders and Consequences: CPC Bangalore Department’s Role
After uploading the ITR online, the CPC (Central Processing Center) in Bangalore will regularly send reminders via text messages and emails until the ITR-V form is submitted. If you fail to comply despite these reminders and ample time, the online return filing will become invalid. This renders it as if you had not filed the Income Tax Return for the relevant assessment year.
Reminder for Learning Purposes: Is It Worth It?
In your case, you filed an online return purely for learning purposes. While this may seem harmless, I strongly advise against such exercises. If you do not send the ITR-V form, your return will be considered invalid and unprocessed. It is crucial to adhere to the regulations to avoid any future complications.
Verification and Validation: The Importance of ITR-V
Without verifying your return through the ITR-V form, you will receive an email regarding the failure to do so. Your return will not be treated as filed and will not be processed. This underscores the importance of sending the ITR-V form to Bangalore to validate your tax return.
Conclusion: Maintain Compliance to Avoid Complications
To summarise, if you have filed an income tax return but have not sent the ITR-V form to Bangalore, your return will be considered invalid. It is essential to either send the form or link your tax portal with Aadhaar for seamless verification and processing of your income tax return.
Stay informed and compliant to avoid any unnecessary complications. If you have any questions or need further assistance, please consult a professional or the official tax department.