The income tax department on Sunday reiterated that ITR filers need to verify their returns as soon as possible in case they have not done so yet. ITR is required to be verified within 30 days of filing it, failing which will lead to the rejection of your ITR. So far, about 6.93 crore ITRs have been filed, out of which 6.69 crore have already been verified.
The last date to file ITR for AY2023-24 was July 31, 2023. Those who filed their ITR before July 31 can verify it without any fine. However, if they fail to verify the ITR, it will be rejected and a fresh ITR will need to be filed with a late fee of up to Rs 5,000.
“Dear Taxpayers, Do remember to verify your ITR within 30 days of filing. Delayed verification may lead to levy of late fee in accordance with provisions of the Income-tax Act, 1961,” Income Tax India said in a post on X.
It said, “Don't delay, verify your ITR today!”
If you have filed your ITR, you have to verify it within 30 days. Earlier, it used to be 120 days, which was changed to 30 days in August 2022. If you file your ITR today, the ITR needs to be verified within 30 days, failing which will reject your ITR.
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