CBDT Reduces tme limit for verification of ITR from 120 days to 30 days of transmitting the data of ITR electronically.

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Where ITR data is electronically transmitted but e-verified or ITR-V (i) submitted beyond the time-limit of 30 days of transmission of data -in such cases the date of e-verification/ITR-V submission shall be treated as the date of furnishing the return of income and all consequences of late filing of return under the Act shall follow

 
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