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What is ITR-V Acknowledgement Form?

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Hiral Vakil

Acknowledgment Form
ITR-V
ITR-V Status
Verify ITR

What is ITR-V Acknowledgement Form?

ITR-V Acknowledgement Form means Income Tax Return Verification Form. It is also known as ITR-V (Acknowledgement). When a taxpayer files the ITR (Income tax return), they receive ITR V on their registered e-Mail ID from the Income Tax Department (ITD). The taxpayers also have the option to download the ITR-V Acknowledgement Form from the Income Tax e-Filing website. The process of ITR filing is not complete unless the ITR is verified by the taxpayer. You can either e-Verify Income Tax return or send ITR-V to CPC Bangalore.

ITR-V is password protected for security reasons. The password is your PAN in lower case followed by your Date of birth. For Example: PAN: ABCPP1234A DOB: 01/01/1990 Password: abcpp1234a01011990
Tip
ITR-V is password protected for security reasons. The password is your PAN in lower case followed by your Date of birth. For Example: PAN: ABCPP1234A DOB: 01/01/1990 Password: abcpp1234a01011990

Check ITR-V Acknowledgement Form Receipt Status Online

Follow these steps to check your ITR-V receipt status online:

  1. Visit the Income Tax e-Filing Website

    Go to ITR Status page on Income Tax E-Filing website

  2. Enter the required details

    1. Permanent Account Number (PAN)
    2. Acknowledgment Number
    3. Captcha Code
    Hence, click on the “Submit” option to track the status

Track Your ITR Status
Check your Income Tax Return Status using the PAN and Acknowledgment number - which is allocated by the Income Tax Department after filing your ITR.
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Track Your ITR Status
Check your Income Tax Return Status using the PAN and Acknowledgment number - which is allocated by the Income Tax Department after filing your ITR.
Explore

Sample ITR-V Form

ITR-V (2020-21)

Methods to e-Verify ITR-V

Once the ITR is filed, you are required to verify your ITR-V using any of the following ways:

ITR e-Verification
An expert assisted Income Tax Return(ITR) e-verification for Individuals and HUFs.
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ITR e-Verification
An expert assisted Income Tax Return(ITR) e-verification for Individuals and HUFs.
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Delay in Verification of ITR

There are cases where there is genuine hardship a taxpayer faces due to which they could not e-verify the return. The taxpayer can file a condonation delay request on the Income Tax e-Filing portal. However, such relief is given to taxpayers based on certain criteria.

  1. There is a genuine hardship on merits
  2. The claim is genuine and correct
  3. Income for the particular ITR filed is not assessable in the hands of any other person

FAQs 

Where do I have to send ITR-V?

You can verify your return in an offline manner. In that case, you have to send a signed copy of ITR-V to Centralized Processing Centre, Income Tax Department, Bengaluru – 560500. You can send ITR-V within 120 days from the date of filing return. You can send ITR-V by normal post or speed post (Not by courier or Registered post)

What happens if I don’t send ITR-V in time?

If ITR-V is not sent within 120 days then your return will not be processed by the IT Department. Sometimes, the Income Tax Department (ITR) allows you to verify return after 120 days so you should check the status of a particular return from your login on Income Tax Website.

What is CPC?

CPC stands for Central Processing Center for Income Tax Returns. IT Department has set up this CPC in Bangaluru to expedite the processing of income tax returns at a central location. This is where you have to send your signed copy of ITR-V.

Got Questions? Ask Away!

  1. Hey @TeamQuicko

    Thanks for the blog! Just one quick question - Why do we have to report a quarterly breakdown of Dividend Income under IFOS?

    Thank you!

  2. I had received dividend recently but I had noticed that TDS had been deducted. any idea as to why has it happened and is there a way I can claim this TDS?

  3. Hey @HarshitShah

    After the introduction of Budget 2020, dividend income is now taxable in the hands of the shareholder; and is also subject to TDS at 10% in excess of INR 5000 u/s 194 & 194K. Foreign Dividend is taxable at slab rates. TDS is not applicable to such dividends. The taxpayer should report such income under the head IFOS in the ITR filed on the Income Tax Website.

    Hope this helps!

  4. Hi @Maulik_Padh,

    You need to pay Income tax on the net taxable income, i.e. after subtracting deductions, expenses, etc.
    If the net taxable income is negative i.e. if there is loss, you can carry it forward when filing the ITR

    Here are some of the articles which might help

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