ITR-V stands for 'Income Tax Return–Verification' Form. It is a one page document. ITR-V is received when you file your I-T return online—without using a digital signature. It is sent by the I-T Department. You are required to print, sign and send it to CPC Bangalore to complete your return.
After sending your ITR-V, you can check its status to find out if it has been received and processed by ITD (Income Tax Department) or not.
You can go to https://incometaxindiaefiling.gov.in/eFiling/Services/ITR-V-Status.html to check the status of your ITR-V.
Interpretations of different ITR-V statuses are as follows:
After e-filing the Income Tax Return, you will receive the ITR-V or the acknowledgement of filing. Following are the different ITR-V status and their interpretations.
On e-verifying the tax return or after you send the hard copy of the ITR-V to CPC Bengaluru, the Income Tax Department sends you an email confirming the same. When you do this, your ITR-V status changes to ‘ITR-V Received’. This means that the process of e-filing is complete from your part and no further steps need to taken.
ITR-V not received:
If you do not e-verify the tax return or do not send the hard copy of the ITR-V to CPC Bangalore, the status will be ‘ITR-V not received’. This means that the process of e-filing is not complete from your part and you either need to e-verify the tax return or send the copy of the ITR-V to Bengaluru within 120 days of e-filing the tax return.
ITR-V received after due date:
This status means that the hard copy of the ITR-V which is sent to Income Tax department is received by them after due date i.e. after 120 days of e-filing the tax return.
ITR-V received but defective:
This status means that the hard copy of the ITR-V which is sent to the Income Tax Department is defective. This may be due to the following reasons:
The bar code on the printed ITR-V is not clear.
The signature is missing or unclear, etc.
No e-filing has been done for this Assessment Year:
This status means that no e-filing is done for the said PAN for the said Assessment Year.