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CBDT Notifies New ITR-V and ITR Acknowledgement Forms for AY 2025-26

CBDT Notifies New ITR-V and ITR Acknowledgement Forms for AY 2025-26

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CBDT Notifies New ITR-V and ITR Acknowledgement Forms for AY 2025-26

Introduction

CBDT Notifies New ITR-V and ITR Acknowledgement Forms for AY 2025-26 The Central Board of Direct Taxes (CBDT) has recently released Notification No. 45/2025 on 7th May 2025, introducing key updates to the Income Tax Return Verification (ITR-V) form and the ITR-Acknowledgement form for the Assessment Year 2025-26. This significant update aims to enhance the efficiency of e-filing and verification processes, promoting a paperless tax ecosystem. The amendments align with the Seventeenth Amendment to the Income-tax Rules, 2025 and comply with Rule 12 of the Income-tax Rules, 1962. In this blog, we will break down the new features, the process of verification, and what taxpayers need to know about the updated forms.

  1. What is ITR-V?

CBDT Notifies New ITR-V and ITR Acknowledgement Forms for AY 2025-26 The ITR-V form serves as the Income Tax Return Verification form. It is a crucial document used for verifying electronically filed returns when they are not verified online at the time of submission. The ITR-V must be submitted physically to the Centralized Processing Centre (CPC) in Bengaluru if the electronic verification process (e.g., Aadhaar OTP or EVC) is not completed.
Key Updates in the New ITR-V (Verification Form)

 

The revised ITR-V form applies in cases where:

  • The return of income has been filed electronically using any of the following forms:
    • ITR-1 (SAHAJ)
    • ITR-2
    • ITR-3
    • ITR-4 (SUGAM)
    • ITR-5
    • ITR-7
  • The return has not been verified electronically.

Contents of the New ITR-V Form

  • Basic Details: Name, PAN, Form Number, Section under which filed, and Acknowledgement number.
  • Declaration by the Assessee: A declaration confirming the authenticity of the return filed.
  • IP Address and Signature of the taxpayer at the designated box.
  • QR Code/Barcode: A system-generated code for easy reference and tracking.

Verification Methods for ITR-V

The new ITR-V form introduces multiple ways to electronically verify the return:

  • Aadhaar OTP: Use of Aadhaar-based OTP for authentication.
  • Net Banking Login: Verification through net banking credentials.
  • EVC (Electronic Verification Code): EVC can be sent via:
    • Pre-validated Bank Account
    • Pre-validated Demat Account
    • Bank ATM

If these electronic options are not used, the taxpayer can still send the signed physical copy of the ITR-V by Speed Post to the CPC in Bengaluru.

Important Notes on ITR-V

  • Signature Box: Ensure the signature is within the designated box on the form.
  • Timely Submission: The ITR-V must be submitted within 30 days of e-filing to consider the e-filing date as the filing date.
  • If submitted after 30 days, the date of receipt of the ITR-V at CPC will be considered, which may invite late filing penalties.

  1. What is ITR-Acknowledgement?

CBDT Notifies New ITR-V and ITR Acknowledgement Forms for AY 2025-26 The ITR-Acknowledgement form serves as proof of the successful filing and verification of income tax returns. It is generated once a return is filed electronically and verified using one of the available methods.

Key Features of the New ITR-Acknowledgement Form

The updated ITR-Acknowledgement form applies to returns that have been electronically filed and verified through:

  • ITR-1 to ITR-7.

Information Captured in the Updated ITR-Acknowledgement

  • Taxpayer Details: PAN, Name, Address, Filing Status, Acknowledgement Number.
  • Return Details:
    • Total Income and Current Year Business Loss (if applicable).
    • MAT/AMT applicability.
    • Net Tax Liability, Interest, Fees, and Taxes Paid.
    • Refund or Outstanding Tax Payable.
    • Accreted Income and Tax under Section 115TD.
  • Date & Time of Transmission: Date and time when the return was electronically filed.
  • Method of Verification: Information about the verification method used (e.g., Aadhaar OTP, EVC).

Important Notes

  • Digital Proof: The ITR-Acknowledgement does not need to be sent to CPC Bengaluru. It serves as digital proof of successful filing and verification.
  • Accessing the Acknowledgement: The ITR-Acknowledgement can be downloaded directly from the Income Tax e-filing portal.
  1. Legal Reference and Effective Date
CBDT Notifies New ITR-V and ITR Acknowledgement Forms for AY 2025-26 The updates to the ITR-V and ITR-Acknowledgement forms are issued under the powers granted by Section 139 and Section 295 of the Income-tax Act, 1961.
  • Retrospective Applicability: The changes are applicable retrospectively from 01 April 2025.
  • Explanatory Note: The explanatory note clarifies that the retrospective nature of the notification will have no adverse impact on taxpayers.
  1. Impact on Taxpayers
  2. Emphasis on Paperless Compliance
CBDT Notifies New ITR-V and ITR Acknowledgement Forms for AY 2025-26 These changes are a part of the government’s push towards digital compliance and paperless tax filing. By facilitating electronic verification and digital acknowledgements, the process becomes faster, more efficient, and less prone to errors or delays.
  1. Streamlined Filing Process

The new verification methods, such as Aadhaar OTP, net banking, and EVC, allow for smoother and more convenient verification. Taxpayers no longer need to rely solely on physical submission, reducing administrative burdens.

  1. Enhanced Security and Tracking

With the inclusion of QR codes and barcodes in the forms, verification and acknowledgment processes are more secure, allowing taxpayers and authorities to track the status of returns more easily.

  1. Timely Filing

The notification reaffirms that ITR-V must be submitted within 30 days to maintain the e-filing date as the filing date. This stipulation encourages timely submission and minimizes the risk of penalties due to late filing.

  1. How to File and Verify Your ITR?

Taxpayers can follow these steps to file and verify their ITRs:

  1. Login to the Income Tax e-Filing Portal.
  2. Select the appropriate ITR form (ITR-1 to ITR-7).
  3. Fill out the form and submit the details electronically.
  4. Verify the return using Aadhaar OTP, net banking, or EVC.
  5. If not verified electronically, send a signed ITR-V to CPC, Bengaluru.
  6. Download the ITR-Acknowledgement from the portal as proof of successful filing and verification.

For assistance, taxpayers can visit Taxgyany or contact info@taxgyany.com for expert help.

Conclusion

CBDT Notifies New ITR-V and ITR Acknowledgement Forms for AY 2025-26 The recent amendments by the CBDT underline the government’s commitment to enhancing digital tax administration and streamlining the income tax filing process. By embracing electronic verification and acknowledgements, the new system reduces paperwork and accelerates the filing process, ensuring better compliance.
CBDT Notifies New ITR-V and ITR Acknowledgement Forms for AY 2025-26 Taxpayers must be diligent in using the correct version of the ITR-V and ITR-Acknowledgement forms based on their mode of filing and verification to avoid any errors or penalties.

For more information, visit the official Income Tax Department website or contact tax professionals for assistance.

Sources & References

  1. CBDT Notification No. 45/2025 Link
  2. Income Tax e-Filing Portal Link

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