ITR-V stands for Income Tax Return-Verification form. This form is received when you e-file without using a digital signature.
Income tax department has extended has extended the time limit for filing ITR-V forms relating to Income tax returns filed electronically for A.Y 2010-11 (filed during F.Y 2011-12) ITRs of A.Y 2012-13(filed on or after 1.4.2011) till 28 Feb 2013.
In respect of returns filed for A.Y 2012-13 for which ITR-V forms are yet to be received at CPC and Time of 120 days has also elapsed , time limit for filing is extended upto 31 March 2013.
The site also stated that the direction issued is to mitigate the hardship and grievance of the tax payers who have been prevented by reasonable causes to file ITR-V in time.
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