An Income Tax Return filed but not verified within 120 Days is treated as an invalid return; it would mean that you have not filed the ITR for a particular assessment year. In that case, you would be required to file the ITR again as belated return with penalty for delay in filing because your original one is treated as invalid return. So, one should also mind to verify the return timely. The procedure to e-Verify After Filing ITR is as follows:-
1. Login to e-Filing Portal (www.incometaxindiaefiling.gov.in)
2. Click on “My Account” and in the drop down Select “e-Verify Return”
3. All the filed ITRs pending for Verification will be displayed, click on “e-Verify” link against the ITR which is to be e-Verified
4. Now choose the mode of e-Verification from the available options (explained below)
5. Submit your Return/Upload the XML
6. Generate EVC (Electronic Verification Code) through the chosen mode of e-Verification
7. Enter the EVC (Electronic Verification Code) and Click on “Submit”
8. ITR Verification Complete
Instead of taking physical printout and sending ITR-V to CPC, Bengaluru, for processing you can just use any of these simple methods to e- Verify your Income Tax Return in Quick, Convenient and Eco-friendly way. The best thing is what one can assure the immediate acknowledgment of receipt of verified return by Department:-
I. Using Aadhaar OTP based E-verification
II. Using Net Banking login
III. Using Bank Account
IV. Using Demat Account
V. Using Bank ATM
I. AADHAAR OTP BASED E-VERIFICATION (ONLY IF YOUR MOBILE NO. IS LINKED TO ADHAAR)
1. Login to e-Filing Portal
2. Click on “e-File” Tab and Select “Income Tax Return” from the drop down
3. Select the “Assessment Year”, “ITR Form Name” and “Submission Mode” and click “Continue”
4. Select Verification mode as “Aadhaar OTP”
5. Submit your Return/Upload the XML
6. Click “Generate Aadhaar OTP”. OTP will be sent to mobile number registered with Aadhaar and is valid for 30 minutes from the time of generation of OTP
7. Enter the OTP and click “Submit”
8. ITR Verification Complete
II. USING NET BANKING LOGIN
1. Login to Net Banking A/c
2. Click the “e-Filing” link
3. You will be redirected to e-Filing Portal
4. Click on “e-File” Tab and Select“ Income Tax Return” from the drop down
5. Select the “Assessment Year”, “ITR For Name” & “Submission Mode” & click “Continue”
6. Submit your Return/ Upload the XML
7. TR Verification Complete
III. USING BANK ACCOUNT
1. Login to e-Filing Portal
2. Select “Profile Settings” & pre- validate your bank account
3. Click on “e-File” Tab and Select “Income Tax Return” from the drop down
4. Select the “Assessment Year”, “ITR Form Name” & “Submission Mode” & click “Continue
5. Select Verification mode as “EVC using pre- validated bank account”
6. EVC will be sent to the mobile number registered with bank account and is valid for 72 Hours from the time of generation of OTP
7. Submit your Return/ Upload the XML
8. Enter the EVC on e-Filing Portal
9. ITR Verification Complete
IV. USING DEMAT ACCOUNT
1. Login to e-Filing Portal
2. Select “Profile Settings” & pre-validate your demat account
3. Click on “e-File” Tab and Select “Income Tax Return” from the drop down
4. Select the “Assessment Year”, “ITR Form Name” and “Submission Mode” and click “Continue”
5. Select Verification mode as “EVC using pre- validated demat account”
6. EVC will be sent to the mobile number registered with demat account and is valid for 72 Hours from the time of generation of OTP
7. Submit your Return/ Upload the XML
8. Enter the EVC
9. ITR Verification Complete
V. Using Bank ATM (Only Selected Banks)
1. Swipe your ATM card at your Bank ATM
2. Select “PIN for e-Filing”
3. EVC will be sent to the mobile number registered with bank account and is valid for 72 Hours from the time of generation of OTP
4. Login to e-Filing Portal
5. Click on “e-File” Tab and Select “Income Tax Return” from the drop down
6. Select the “Assessment Year”, “ITR Form Name” and “Submission Mode” and click “Continue”
7. Select Verification mode as “Already generated EVC through Bank ATM”
8. Submit your Return/ Upload the XML
9. Enter the EVC on e-Filing Portal
10. ITR Verification Complete
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Disclaimer: The information contained in this write up, as provided by the author, is to provide a general guidance to the intended user. The information should not be used as a substitute for specific consultations. Authors recommend that professional advice is sought before taking any action on specific issues.
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