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The signed copy needs to be sent to CPC Bangalore after signing it within 120 days from the date of filing your ITR by way of speed post or ordinary post at the following address: Income Tax Department – CPC Post Box No – 1 Electronic City Post Office, Bangalore – 560100, Karnataka You should get an email acknowledging receipt of this ITR-V from the IT department once this ITR-V is received by them.You can refer https://blog.tax2win.in/simple-guide-e-verify-return/ for the step by step guide that will help you in verifying your income tax return. Take the help of expert CAs of Tax2win: https://tax2win.in/ca-assisted After you've verified your return, income tax department starts processing your return through its software which takes into account arithmetical errors and incorrect claims that are apparent from the information in the return.Although, for the persons who fall in the ambit of tax audit, the due date is 30th September and in the cases where transfer pricing is applicable, the due date is 30th November after the end of the financial year.Note: Persons who fall in the ambit of Tax Audit are: Well, if you miss the due date ,you can redeem yourself by filing late/Belated Return which can be filed before the expiry of one year from the end of the relevant assessment year or before the completion of assessment whichever is earlier.Alternatively, you can go to “Downloads” section and select the relevant ITR Form and save it on your system.

Salary/Pension Income Income from 1 House Property (excluding carry forward of losses) Exempt Income (Agricultural income upto Rs.

Be prepared to welcome notices from Income Tax Department along with fines and penalty.

The consequences of non-filing of return are: Due date of filing Income Tax Return is 31st July after the end of each financial year for which it is to be filed.

It means that for the returns filed for Assessment Year 2017-18, belated returns can only be filed till 31st March 2018.

But filing Belated Return comes at a cost: Log-on to https://in/ and register on the website.

For this you need to find out the right income tax form applicable on you.

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