Thursday, July 25News That Matters

Now you need to send ITR V by “Speed Post” only


Income Tax Departmet has now asked assessees filing returns online to send ITRV by “speed post” only.

Earlier, ITR V could be send by either Ordinary Post or Speed post.

When you file return online, ITR V (Acknowledgement) is generated, which needs to b signed by you and send it to Central Processing Centre (CPC) of the department in Bengaluru.

IT department has now changed the procedure and has disallowed sending the paper statements through ordinary post or to a designated post box number. You need to send ITR V by Speed Post only.

In order to prevent the hassle of sending by post a hard copy of e-filed return, the Income Tax department is also planning to bring in the facility of electronic signatures for taxpayers to endorse their bonafides.

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