ITRV SENT AND RECD. AFTER DUE DATE - Professionals - Taxation - TIK Share
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ITRV SENT AND RECD. AFTER DUE DATE


Kamaldeep Singh

2014-03-21

Hi,

A return of income of a salaried employee for AY 2013-14 was filed late on 07/08/2013. The itrv was sent in feb 2014 and recd. in the same month. Now the status on efiling site is " ITRV recd. after due date".

The return has a good sum of refund pending. Most of us would wait as these ITRVs are accepted later on due to extension of last date.

But if one wants to get refund earlier or get the return processed earlier, then do one has to file a return afresh or one has to revise the earlier return? In this case return is late so it cannot be revised then What course of action is must be taken?

Kindly guide.

Thanks

MANOJ SHARMA

2014-03-21

ITRV should be received in CPC within 120 days from the date of filing Income Tax Return.

If Assessee fails to send ITRV within 120 days from the date of filing, Return is Not Accepted therefore rejected by CPC.

As Per New Amendment Rule 2014 of Central Processing Cell (CPC), " ITRV's Will Be Accepted Upto 31.03.2014 For all the Previous Year Returns which Has Been Furnished Electronically", that means if You Have Filed IT Return in The Year 2008-09 & you Failed to Send ITRV, You can Send the Same Now. In Receipt of ITRV of 2008-09 Status in The Income Tax Site Will Be Shown is "ITRV Received After Due Date".

This New Amendment Has Come For Processing All The Returns of Income Which Has Been Filed By The Assessees and to Settle their dues therefore issue of Refund.

So No need to get worry Refund Will Be Issued To your Client After Processing The Return.

Reply

Kamaldeep Singh

2014-03-21

Manoj bro thanks for the reply. I have read the circular which is currently being hosted on the efiling site i.e. circular 4/2014 but is applies only on ay 09-10,10-11,11-12 and no where it mentions about ay 13-14. Kindly clarify the situation if possible.

Thanks.

Reply

MANOJ SHARMA

2014-03-22

Dont Worry Kamal Ji, CPC Will Process return of A.Y. 2013-14 also. and leave about others my own return ITRV i have sent two months back which i had filed in the month of june 2013 and CPC has processed also given refund.

Reply

Kamaldeep Singh

2014-03-24

Hi Manoj thanks, I recd. one intimation today itself of one of my client his Itrv was sent late. Further therez a new notification too from the deptt. for accepting the Itrv of FY 2011-12 and 2012-13.

Reply

Ratan Kumar

2014-04-25

Hi Manoj

My 2008-09 status shows and ITVR received After Due Date, and CPC has again sent 143(1) with outstanding demand and also withheld my 2012-13 refund which has been adjusted to 2008-09 outstanding demand.

Can you please suggest me what future course of action to take.

 

Thanks

 

Reply

Seervi Arjun Singh Rathore

2014-12-29

Sir,

I am getting same problem for the A.Y. 2013-14 and A.Y. 2014-15. At incometaxefiling site when I am going to check my status I got found ITRV received after due date. Now what can I do. 

Reply

Seervi Arjun Singh Rathore

2014-12-29

Sir,

I am getting same problem for the A.Y. 2013-14 and A.Y. 2014-15. At incometaxefiling site when I am going to check my status I got found ITRV received after due date. Now what can I do. 

Reply