🔔 Notification No. 45/2025 dated 07.05.2025
The Central Board of Direct Taxes (CBDT) has issued Notification No. 45/2025 dated 7th May 2025, introducing significant updates to the Income Tax Return Verification Form (ITR-V) and the Return Acknowledgement Form for the Assessment Year 2025–26 under the Income-tax (Seventeenth Amendment) Rules, 2025. These changes align with Rule 12 of the Income-tax Rules, 1962 and aim to streamline electronic verification and acknowledgment of income tax returns.
🔗 Gazette Notification Reference: GSR 294(E) dated 07.05.2025
🆕 Key Highlights of the Notification
🖋️ 1. New Format for ITR-V (Verification Form)
The revised ITR-V form will apply to cases where:
The return of income has been filed electronically in ITR-1 (SAHAJ), ITR-2, ITR-3, ITR-4 (SUGAM), ITR-5, or ITR-7 but has not been verified electronically.
🔍 Key Contents:
- Name, PAN, Form number, Section under which filed, Acknowledgement number
- Declaration by the assessee
- Signature and IP address of submission
- System-generated QR code/barcode
✅ Verification Methods:
- Aadhaar OTP
- Net Banking Login
- EVC via validated Bank/Demat account or Bank ATM
- Alternately, send a signed physical copy of ITR-V to CPC, Bengaluru – 560500 via Speed Post only
📌 Important Notes:
- Signature must be within the designated box
- If ITR-V is submitted within 30 days of e-filing, the date of e-filing will be treated as the date of return filing
- If delayed beyond 30 days, the date of ITR-V receipt will be considered, and late filing consequences will apply
🖋️ 2. New Format for ITR-Acknowledgement
The updated Acknowledgement Form is applicable for returns filed and verified electronically using ITR-1 to ITR-7.
🔍 Key Contents:
- PAN, Name, Address, Status, Form number, Section under which filed, Acknowledgement number
- Details of:
- Current year business loss (if any)
- Total income, MAT/AMT applicability
- Net tax liability, interest, fees, taxes paid
- Refund or payable balance
- Accreted income and tax under section 115TD
- Date and time of electronic transmission and verification method
- System-generated QR code
🚫 Note:
This acknowledgement must NOT be sent to CPC Bengaluru. It serves as proof of successful filing and verification and can be downloaded from the e-filing portal.
📄 Legal Reference
- Issued under powers granted by Section 139 read with Section 295 of the Income-tax Act, 1961
- Comes into force retrospectively from 01 April 2025
- No adverse effect will result from its retrospective implementation, as per the explanatory note.
📝 Conclusion
This update emphasizes CBDT’s focus on digital compliance, paperless verification, and streamlined processing. All taxpayers are advised to carefully use the correct version of ITR-V or Acknowledgement Form based on their mode of filing and verification.
📌 Need assistance with ITR filing or e-verification?
Stay tuned with CA Guruji for simplified guides, expert tutorials, and tax updates tailored for every taxpayer!
You can contact team of Tax Experts to file Your ITR at 9150010300 or visit www.legalsahayak.com
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