Feb 01, 2013, 03.53 PM IST
One of the new provisions in recent years that the investor did not encounter earlier is that related to the submission of the ITR-V forms.
By Arnav Pandya
One of the new provisions in recent years that the investor did not encounter earlier is that related to the submission of the ITR-V forms. This situation of submitting of the forms arises only in case of some specific situations and the individual has to be alert about knowing about the exact details on this front so that they are able to fulfill the details for their income tax return filing. This will help them to complete their tax filing requirement properly. Here is a look at the entire issue and when the individual will remain within the time limit.
The tax department has now ensured that the last date for receiving the ITR V forms for these returns already filed have been extended. This will ensure that all those who find that they are still in the category of those whose form has not been received they can still complete the entire process quickly. It is now upto the individual to ensure that they look at their own position over the past two years and see whether they need to take some action on this front. If it is necessary then they should get the printout of the form and send it to the tax department in the manner mentioned so that their assessments can be completed.
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