Income Tax Return Verification:
The ITR deadline for the assessment year 2022-23 has ended on July 31.
After filing ITR, it is necessary to verify it. Without verification, it is considered incomplete and the return is canceled.
Let us tell you that after income tax filing, the most important thing is to do Income Tax Return Verification.
After filing ITR online, it is very important to do e-verification of it. If you do not do this, you can also get a notice for this.
If the taxpayer forgets to verify the ITR, the Income Tax Return filing process will not be considered complete.
The IT department has reduced the time limit for e-verification from 120 days to 30 days after the filing of ITR.
This rule has been made applicable to all the taxpayers who filed their income tax returns on or after August 1.
According to the new notification of CBDT, the new rules of ITR have come into effect from August 1.
ITR verification timeline:
taxpayers now need to verify their returns within 30 days from the date of ITR filing.
So if you have not got your Income Tax Return Verification done yet, then get it done before the deadline ends.