The Buyt Desk
Your responsibility does not end with filing an income tax return. The next step is verifying the return without which your entire process of IT return is incomplete. If you fail to verify your IT return within the stipulated time it will be deemed invalid. With compulsory online return filing in place, you have the option of e-verifying your return which is very quick too. The best part is that there are not one or two but six ways to verify an income tax return.
Aadhaar Based OTP
It is the first and simplest method for verifying income tax return. Although before opting for this method, make sure that you have the latest number registered on Aadhaar.
Now open the website of income tax or click on the link https://www.incometax.
You will get a few options after this. Tap on ‘I would like to generate an Aadhaar OTP to e-verify my return’.
Next, you will receive a 6-digit OTP on your registered number. Enter the OTP in the box and click the submit button. After the successful submission of OTP, your ITR verification will be complete.
Net-Banking
If you are using net banking, you have yet another option to verify your ITR. However, note that only a few banks give the facility to verify ITR via net banking. The list is present on the income tax website. There are a few points you must take into account if you are opting for this method.
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Do not log in to the e-filling website and your bank account simultaneously.
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Your PAN Card must be registered with the bank.
After this, follow the following steps-
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Log in to your bank account.
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In the Tax slab, select option e-verify.
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After this, you will be redirected to the income tax department e-filling website.
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Click on the option ‘My Account’, followed by clicking on the option ‘Generate EVC’.
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You would receive a 10-digit alphanumeric code on your registered email and mobile number.
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The code remains valid for 72 hours.
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Now open the income tax website and click on the option ‘e-Verify’ under the ‘My Account’ tab.
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Select the option, ‘I have EVC already’.
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Enter the OTP and click on the submit button.
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After this, your tax return will be verified.
Verify Through Bank Account
The third method to verify ITR filing is through the bank account. To create EVC via a bank account, you must have a pre-validated bank account.
Note: Income tax collection requires pre-validation of the bank account.
Choose the option ‘Through bank account’ on the e-Verify screen and then tap on the option ‘Continue’. You will receive EVC on your pre-validated and EVC enabled bank account email address and mobile number. Click on the option e-Verify and enter the EVC. Your tax return will be verified.
Verify Account Via Demat Account
The process of verifying ITR via a DEMAT account is similar to the bank account. Here is the guide.
To opt for this process, you must have a pre-validated bank account.
First, in your e-filing account, go to the profile setting to pre-validate your account.
Provide a few details, such as your mobile number, depository name and email ID.
The Demat account must have the registered email ID and phone number.
You can use this account to generate EVC only when your details have been validated by your depository.
Next, go to the option ‘Generate EVC’ and select the option ‘Generate EVC via Demat account number’.
Enter the EVC you had received to verify your ITR.
Generate EVC Via Bank ATM
Note that this service is available only at 6 banks, Axis Bank, Central Bank Of India, ICICI Bank, Canara Bank, SBI and Kotak Mahindra Bank.
To generate EVC via ATM, you need to visit the ATM of any of the above-mentioned banks and swipe your card. Enter your PIN for Income Tax Filing. Soon after, you will receive an EVC on your registered mobile number. Next, log in to your e-filling account on the website of Income Tax and tap on the option ‘e-verify returns’.Select ITR to verify and tap on the option ‘Already generated EVC through bank ATM’.Enter EVC, and you are done with income tax return verification.
Sending A Copy Of ITR-V to CPC
If any of the above methods do not work for you, then you can use this non-electronic method to execute this task. Send a copy of ITR-V to the income tax department.
Send a signed copy of ITR-V to the department. Here is the complete process for the same.
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ITR-V is a single-page document that has to be signed in blue ink.
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It shouldn’t be couriered. Send it via regular mail or express mail.
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There shouldn’t be any other paper except the ITR-V.
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The Income-tax department notifies you after receiving the document via SMS or email. The notification is an ITR-V receipt.
You have many ways to complete this last step of the IT return filing process. Do not forget to verify your return or else your return will be invalidated.
