FAQ

What is the address at which ITR-V needs to be sent?

Duly Verified ITR-V in the prescribed format and in the prescribed manner should be sent either through ordinary or speed post or any other mode to the following address only:Centralised Processing Centre,Income Tax Department,Bengaluru - 560500, Karnataka.

What will happen if ITR is not verified beyond the 30 days time limit?

Where the ITR is filed within due date but e-verified or ITR-V submitted after 30 days of uploading, in such cases the date of e-verification/ITR-V submission shall be treated as the date of furnishing the return of income and all consequences of late filing of return under the act shall follow, as applicable.

What is the last date to verify ITR?

ITR must be verified within 30 days from the date of ITR either via electronic methods or by physically sending ITR-V to the income tax department. The time-limit for e-verification or submission of ITR-V shall be 30 days from the date of filing the return of income.

What is self-assessment tax?

Self-assessment tax is the tax an individual has to pay before filing his income tax return. The self-assessment tax is calculated after considering TDS and advance tax.

If excess tax has been deducted, how will it be refunded?

To get the refund of excess tax deducted, an individual is required to file income tax return. The amount will be credited to the tax payer's pre-validated bank account.

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