The Income Tax Department (I-T Department) on July 29 reduced the time limit for income tax return (ITR) verification from 120 days to 30 days. The rule came into force on August 1. This reduction applies to both the ITR verification processes, online and offline.
"It has been decided that in respect of any electronic transmission of return data on or after the date of this notification comes into effect, the time limit for e-verification or submission of ITR-V shall now be 30 days from the date of transmitting/uploading the data of return electronically," the I-T department said in a