ITR e-verification: How to e-verify ITR, timelimit, other important FAQs e-Verification is the most convenient and instant way to verify your ITR
Along with filing Income Tax returns on time, you need to verify your Income Tax Returns within the prescribed time period to complete the return filing process. The ITR will become invalid if this isn't done within the allotted period. The ITR is deemed invalid or will not be regarded as filed if the assessee does not validate it within the allotted period.#sr_widget.onDemand p, #stock_pro.onDemand p{font-size: 14px;line-height: 1.28;} .onDemand .live_stock{left:17px;padding:1px 3px 1px 5px;font-size:12px;font-weight:600;line-height:18px;top:9px} #sr_widget.onDemand .sr_desc{margin:0 auto 0;} #sr_widget.onDemand .sr_desc{color: #024d99;margin-top:10px;} #sr_widget.onDemand .crypto .live_stock .lb-icon{8px 6px 5px 3px !important} #sr_widget.crypto.onDemand a.text{border-bottom:1px solid #ccc;padding-bottom:5px;display:block;width:100%} #sr_widget.onDemand .sr_desc .text p, #stock_pro.onDemand .sr_desc .text p{font-size:12px;font-weight:400;} Income tax slab rates for FY 2024-25 (AY 2025-26)
e-Verification is the most convenient and instant way to verify your ITR.
You can also e-Verify other requests / responses / services to complete the respective processes successfully, including verification of:Income Tax Forms (through online portal / offline utility)e-ProceedingsRefund Reissue RequestsRectification RequestsCondonation of Delay in filing ITR after due DateService Requests (submitted by ERIs)Uploading ITR in bulk (by ERIs).
What are the different ways in which I can e-Verify my returns?
You can e-Verify your returns online using:OTP on mobile number registered with Aadhaar, orEVC generated through your pre-validated bank account, orEVC generated through your pre-validated demat account, orEVC through ATM (offline method), orNet Banking, orDigital Signature Certificate (DSC).
What is the time limit for e-verification
The Income Tax Department reduced the time restriction for e-verification or hard copy filing of ITR-V to 30 days beginning August 1, 2022 via a notice dated July 29. That means taxpayers have to verify their returns within 30 days of filing to complete the process.Important FAQs on e-verification according to the Income Tax website
Can an Authorized Signatory / Representative Assessee e-Verify the return on my behalf?Yes. The Authorized Signatory / Representative Assessee can e-Verify the return on behalf of the assessee using any of the following methods:
Aadhaar OTP: OTP will be sent to the Authorized Signatory's / Representative Assessee's mobile number registered with Aadhaar.
Net Banking: EVC generated through net banking will be sent to the Authorized Signatory's / Representative Assessee's mobile number and email ID registered with the e-Filing portal.
Bank Account / Demat Account EVC: EVC generated through the pre-validated and EVC-enabled bank account / demat account will be sent to the Authorized Signatory's / Representative Assessee's mobile number and email ID registered with the e-Filing portal.
How will I know that my e-Verification is complete?
In case you are e-Verifying your return:A success message will be displayed along with a Transaction ID
An email will be sent to your email ID registered with the e-Filing portal
In case you are an Authorized Signatory / Representative Assessee:
A success message will be displayed along with a Transaction ID
After successful verification, an email confirmation will be sent to the primary email ID of both Authorized Signatory's / Representative Assessee's and your email ID registered with e-Filing portal
Will delay in e-Verification attract any penalty?
If you do not verify in time, your return is treated as not filed and it will attract all the consequences of not filing ITR under the Income Tax Act, 1961. However, you may request condonation of delay in verification by giving appropriate reason. Only after submission of such a request, you will be able to e-Verify your return. However, the return will be treated valid only once the condonation request has been approved by the competent Income Tax Authority.What is EVC?
An Electronic Verification Code (EVC) is a 10-digit alpha-numeric code which is sent to your mobile number and email ID registered with the e-Filing portal / bank account / demat account (as the case may be) during the process of e-Verification. It has a 72-hour validity from the time of its generation.
What are the benefits of e-Verification?
You do not need to send a physical copy of your ITR-V to CPC, Bangalore.
Verification of your ITR happens instantly, which saves you from the delay in transit of ITR-V.
You can e-Verify using any of the various methods - Aadhaar OTP / EVC (using pre-validated bank / demat account) / Net Banking / Digital Signature Certificate (DSC).
Is it mandatory to e-Verify your return?
No. e-Verification is just one method of verifying your filed ITR. You can choose either of the two methods to verify your filed ITR:e-Verify returns online, or
Send a physical copy of your duly signed ITR-V to CPC, Bangalore.
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This story originally appeared on: India Times - Author:Faqs of Insurances
