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Final chance to put your past income tax returns in order

Several taxpayers, who file their income tax returns, forget to verify them. In fact, many taxpayers believe their return filing is complete once return has been submitted to the income tax department.

Unfortunately, a large number of taxpayers, skip step 2 and therefore their return submission process is incomplete and refund is not processed. While electronic verification or EVC was introduced last year, past returns could only be verified by sending the physical ITR-V to CPC, Bangalore. This process was rid with many problems, postal delays and misplaced envelopes etc.

A lot of taxpayers write to us asking for help on how to put their past tax returns in place. Most of them are seeking a visa or a home loan. And visa authorities or lenders ask for past returns to process requests.

You can now e-verify past income tax return by 31st August 2016

As a last and final chance to taxpayers, the income tax department has allowed verification of returns submitted for the following Assessment Years

AY 2009-2010 (Return for FY 2008-2009)

AY 2010-2011 (Return for FY 2009-2010)

AY 2011-2012 (Return for FY 2010-2011)

AY 2012-2013 (Return for FY 2011-2012)

AY 2013-2014 (Return for FY 2012-2013)

AY 2014-2015 (Return for FY 2013-2014)

If for any reason you could not submit ITR-V of these years, you can E-VERIFY your tax returns by 31st August 2016. These returns shall then be processed by the income tax department by 30th November 2016.

NOTE: this not an additional chance at filing your tax return afresh, but only a chance to verify them. This is only applicable if you had already submitted your return ELECTRONICALLY for these years.

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