The Director General of Income Tax (System) has been extended the time limit for submitting ITR-V forms to relating to Income Tax Returns filed electronically (without Digital Signature) for AY 2010-11 (filed during FY 11-12) and for ITRs of AY 2011-12 (filed on or after 1st April, 2011) till 28th February, 2013.
In respect of the Income Tax Returns filed for AY 2012-13 for which ITR-V forms are yet to be received at CPC and time limit of 120 days has also elapsed, time limit for filing of ITR-V is extended upto 31st March, 2013 or 120 days from the date of uploading of electronic return data, whichever is later.
Department has been issued this notification to mitigate the hardship and grievance of the tax payers who have been prevented by reasonable causes to file the ITR-V form in time.
(NOTIFICATION NO. 1/2013 [F. NO. DIT(S)-III/ITR-V EXTENSION/ 2012-13] UNDER CPR SCHEME 2011, DATED 7-1-2013)
The Notification is issued in exercise of its powers under clause (ii) of Para 14 read with clause (7) of Para 4 of the 'Centralized Processing of Returns Scheme, 2011', issued vide CBDT Notification No. SO 16(E), dated 4-1-2012.
Download the notification from here
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