The Central Board of Direct Taxes (CBDT) has given one time relaxation to those assessees who have not verified their Income Tax Returns for the Assessment Year 2015-16, 2016-17, 2017-18, 2018-19 and 2019-20 to verify their ITRs latest by 30th September, 2020. Such returns shall be processed by the income tax department by 31st December, 2020.
In respect of Income Tax Returns filed electronically without digital signature, such ITRs are required to be verified either through electrically/ OTP mode or by sending hard copy of the acknowledgements to CPC, Bengaluru within 120 days from the date of uploading the returns failing which it is treated that the ITRs have not been existent(non-est).
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