CPC extends deadline to process invalidated I-T returns
income tax returns
that were erroneously declared invalid by the Centralised Processing Centre (CPC).
Experts say this will assist many taxpayers with their loan and visa applications. This measure will offer relief to a large number of taxpayers whose returns were declared invalid by the CPC on various technical grounds, particularly where signatures could not be verified or validated.
This applies to all assessment years, and the time for processing the returns has been extended until March 31, 2026.
Jainik Vakil, chairman of the direct tax committee of the Gujarat Chamber of Commerce and Industry (GCCI), said, "Many times, people do not get their returns e-verified and sent to the CPC.
However, if it does not reach the CPC within 30 days, the return is invalidated. If the return filed by an assessee is declared invalid by the CPC and consequently not processed, it is advised to immediately follow up with the CPC and get it processed.
If any refund is due, then the same will be granted along with interest till date. Make sure that your PAN is linked to Aadhaar. If not, get them linked so that the refund gets issued. All those who face issues with loans and visas due to invalid returns will get relief due to this."
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
6 hours ago
- Time of India
E-lottery to allot spaces in Morabadi vendor market today
1 2 Ranchi: The Ranchi Municipal Corporation (RMC) will conduct another round of lottery on Tuesday to allot 60 vending spaces at the newly built Morabadi Vendor Market on Tuesday. The draw will take place through an e-lottery system, as per the approved list recommended by the RMC's vendor committee, officials said. In the second phase of the allotment process, 235 applications were received, of which 60 vendors have been selected. Earlier, 161 vendors had been allotted shops in the first phase of lottery. The market, built at a cost of Rs 1.36 crore, aims to provide organised vending spaces and reduce roadside encroachment. Selected vendors are required to attend the lottery with their Aadhaar cards, survey receipts, and PM SVANidhi vendor ID cards. The final list of names has been published on the RMC website and notice board. "This market is an important step towards streamlining vending activities in Morabadi. The transparent lottery system ensures fairness, and we expect all selected vendors to cooperate and join on time with their required documents," said Sanjay Kumar, the additional municipal commissioner of the RMC. Officials said the market is expected to boost hygiene, improve traffic flow, and support the livelihoods of local vendors. Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area.
Time of India
7 hours ago
- Time of India
Aadhaar Face Authentication doubles to 200 crore in less than six months
Aadhaar transactions carried out using face recognition have doubled to 200 crore in less than six months, an official statement said on Monday. On August 10, UIDAI celebrated a landmark 200 crore transactions of Face Authentication, showcasing India's rapid move towards seamless, secure, and paperless authentication . Finance Value and Valuation Masterclass Batch-1 By CA Himanshu Jain View Program Finance Value and Valuation Masterclass - Batch 2 By CA Himanshu Jain View Program Finance Value and Valuation Masterclass - Batch 3 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals By Vaibhav Sisinity View Program Finance Value and Valuation Masterclass - Batch 4 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program "The pace of adoption has been exponential. 50 crore transactions were recorded by mid-2024. The number doubled to 100 crore transactions in January 2025 in just about five months. In less than six months, this figure has again doubled, reaching the 200 crore milestone," the statement said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Undo Unique Identification Authority of India Chief Executive Officer Bhuvnesh Kumar said from villages to metros, the authority is joining forces with governments, banks, and service providers to make Aadhaar Face Authentication a grand success and by giving every Indian the power to prove their identity instantly, securely, and anywhere. "Reaching 200 crore Aadhaar Face Authentication transactions in such a short time underlines the trust and confidence that both residents and service providers have in Aadhaar's secure, inclusive, and innovative authentication ecosystem. The journey from 100 crore to 200 crore transactions in under six months is a testament to its scalability and the country's digital readiness," Kumar said.
&w=3840&q=100)
Business Standard
9 hours ago
- Business Standard
Aadhaar face authentication transactions surpass 2-billion mark, says MeitY
The Unique Identification Authority of India (UIDAI) has recorded 2 billion Aadhaar face authentication transactions, marking rapid growth in biometric verification across the country, the Ministry of Electronics and Information Technology (MeitY) said on Monday. Adoption has accelerated sharply, with 500 million transactions completed by mid-2024. This figure doubled to 1 billion by January 2025 and reached 2 billion in less than six months thereafter, the ministry added. In its monthly data released on August 8, the ministry also said that face authentication reached an all-time high of 193.6 million transactions in July 2025, compared to 57.7 million transactions during the same period in the previous financial year. This also marks a 22 per cent sequential growth from June 2025. The ministry added that July also saw the highest number of face authentication transactions in a single day, with over 12.2 million transactions recorded on July 1, 2025. The previous record was set on March 1, 2025, when more than 10.7 million transactions were completed, it added. "Reaching 2 billion Aadhaar Face Authentication transactions in such a short time underlines the trust and confidence that both residents and service providers have in Aadhaar's secure, inclusive, and innovative authentication ecosystem.' He added, 'From villages to metros, UIDAI is joining forces with governments, banks, and service providers to make Aadhaar Face Authentication a grand success and by giving every Indian the power to prove their identity instantly, securely, and anywhere," UIDAI Chief Executive Officer Bhuvnesh Kumar said. The ministry said this achievement goes beyond figures, demonstrating how inclusive technology, when effectively expanded, can close gaps, empower people, and speed up India's progress toward a fully connected and assured digital future.
