After you file your income tax return, it is necessary to
comprehend the verification process. According to the income tax department, if
any taxpayers filed their ITR but have not verified it, then the return shall
not be considered valid. Thus, it is important to keep in mind that when taxpayers
filereturns, they should verify it either through the online process or through
an offline process.
Basically, ITR
verification is the last step under the ITR filing process. Once you have uploaded your ITR on the e-filing
website, Therefore, it can be used only if you are filing your Tax returns that
are not needed to be audited which included using ITR-1, ITR-2, and ITR-4.
However, if your tax returns are required to be audited, then you have to
verify it by using Digital Signature Certificate. Here in this blog we have discussed about the
steps to verify ITR-
EVC via bank account
The income tax department allows you
to e-verify your return by using your bank account. The facility is accessible
in selected banks only, you can check the
list to know if your bank is listed there or not. After that visit your bank's
ATM and swipe your ATM Card. Select the 'PIN for e-filing option' to find an Electronic
Verification Code (EVC) which will be sent to your registered mobile number.
You can use this EVC to e-verify your
tax return online.
EVC via net banking
If you have availed Net Banking
facility of your bank account then you can verify your ITR. Individuals must
know that only selected banks allow you to e-verify ITR. Furthermore, before
logging in to your bank account, assure that you are not already logged in on
the income tax india efiling website. Your PAN must be
registered with the bank as well.
EVC through your bank ATM
To generate EVC, visit your bank's
ATM and swipe your ATM card. Click on the 'Pin for Income Tax filing'. After
that the EVC will be sent to your registered mobile number that will be valid
for 72 hours. Log-in to your e-filing account on the income tax website. The
income tax department provides facilities to generate code through selected
bank ATMs. In addition, the facility is available for selected banks only.
Verifying tax-returns through Demat
account
Another method of verifying Tax
Returns is Demat account. If you are a Demat account holder, you can use it to
verify your tax return. You must require to enter mobile number and email id
which is linked to the Demat account.
Via Aadhaar-based OTP
To verify your ITR using the
Aadhaar-based one-time password (OTP), your mobile number must be linked to
Aadhaar and registered as such in the Unique Identification Authority of India
(UIDAI) database and your PAN must be linked with Aadhaar.
Therefore, the taxpayers whose income
is below Rs 5 lakh, can verify their income tax return after efiling of income tax
return on e-filing portal. The taxpayers just need to click on
e-verify option after which the EVC will be sent to the registered email id and
mobile number.
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