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E-VERIFICATION OF IT RETURNS 

TAX PLANNING FOR FY 2022-23 ( AY 2023-24 ) 
Comprehensive   Article on Income tax changes in Rules, Rates , Slabs , Rebates  and Estimation 

CLICK HERE TO READ ​

WHAT NEXT AFTER  SUBMISSION OF IT RETURN ?  E VERIFICATION OF ITR 

TIME LIMIT TO E-VERIFY IT RETURNS REDUCED : 

Dated 02.08.2022 :  In the year 2010 , the CBDT  had  extended the time-limit for fling ITR-V to 120 days from the date of    uploading the return of income as  per Press Release dated 27.01.2010 , which was earlier 30 days only   .   The   time limit for verification of the returns was also accordingly extended  to  120 days 

Now  Income Tax department  has again reduced the time limit to 30 days  from the submission of IT  Returns electronically   .   If you  ITR data is electronically  verified or lTR-V submitted  within 30 days of submission of returns  ,   the date    of ITR filing will  be considered as the date of  furnishing the return of income.    If you verify after of 30 days of   filing IT Returns ,  the date of e-verification/ITR-V submission shall be treated as the date of filing  of  the return of income and all consequences of late filing of  return under the Act shall follow.   

​ In case   you send ITRV  by post , the date of dispatch of Speed Post of duly verified ITR-V shall be considered for the purpose of determination of the 30 days period, from the date of transmitting the data of Income-tax return electronically  .   

The new rules applies only to those who submit IT  Returns from 1st , August 2022   and  the persons who have  submitted earlier will have  120 days   window as per old rules . 

 To read   CBDT NOTIFICATION DATED 29.07.2022  IN THIS REGARD ,   CLICK HERE 

E-VERIFICATION OF ITR IN THE NEW E-FILING PORTAL

            Income Tax  Return  filed is not treated as  valid till it is verified by the  Tax payer . In the earlier  process , one had to  verify the return using digitally signed certificate or by submitting ITR-V  to CPC . However now one has option to verify his/her  IT Return at the time of  uploading / after uploading  by various means .One can  verify electronically the IT Return submitted through  e-filing facility of income tax department .   One can generate Electronic Verification Code  ( EVC   ) , a 10  Digit alpha- numeric code through net banking , pre-validated bank account  or pre-validated Demat account  and  will be received on your registered E-Mail address  or Mobile number,Then using EVC ,verify the return submitted electronically.There are 5 ways of e-verifying  the return apart from   submitting Digital Sign Certificate .   

  For verifying the IT Return submitted for  FY  2019-20  ,  FY  2020-21   , You may verifying in the return  either by loggin or without  logging in  to e-filing website . 

 VERIFY  YOUR TAX RETURN SUBMITTED  ON-LINE BY LOGGING  IN TO INCOME TAX E-FILING WEBSITE  : 

1. GO  TO NEW  INCOME TAX E-FILING WEBSITE   

2.  LOGIN  USING YOUR PAN NUMBER AND PASSWORD  .   

  3. Go to e-filing / income tax returns /  e-verify 

4. Then select Assessment year ,and method of verification   

Or 

TO VERIFY WITHOUT LOGIN   : 

1. Go to e-filing website / e-verify Return    

2. Fill PAN Number , Assessment Year , Acknowledgement  number and  mobile number  .

​3. Click on continue ​  


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E VERIFICATION OF ITR USING NET - BANKING

1. E- VERIFICATION USING NET - BANKING 
 Some banks are  registered with Income Tax department  for the purpose . If your bank is registered , you can go to the internet banking facility of the bank ,log-in to your account , go to the section  related to tax payment and click in to the link of income tax efiling site   and   click on the e-verify link against the return to be verified  .
Following banks offer the facility . 
1. Allahabad Bank  2. Andhra Bank . 3 Axis Bank  4. Bank of Baroda 5. Bank of India 6. Bank of Maharashtra   7. Canara Bank 
8. Central Bank of India  9 . City Union Bank Ltd  10.  Corporation bank  11. Dena Bank  12. HDFC Bank   13 . ICICI Bank  
14. IDBI Bank  15 . Indian Bank  16. Indian Overseas Bank  17. Indusind Bank Ltd  18. Karnataka Bank Ltd  19 . Kotak Mahindra Bank 
​20. Oriental Bank of Commerce . 21. Punjab National Bank   22. Punjab and Sind Bank   23. South Indian Bank 
24 . State Bank of India   25 . Syndicate Bank 26.  The Federal Bank Ltd  27. Karur Vysya Bnak Ltd  28. Uco Bank
​ 29 . Union Bank of India   30. United Bank of India   31. Vijaya Bank  32 . Yes Bank Ltd   33. Equitas small Finance Bank 

2. E- VERIFICATION OF IT RETURNS USING ATM CARD ( DEBIT CARD ) THROUGH EVC

If you have   ATM Card  ( Debit Card )  issued  for your  savings bank account which is linked to your PAN Number  ,and the bank is registered with income  Tax department for providing this service , you may access ATM of the bank and generate EVC  for the income tax return you have filed .  

Following banks offer the facility .:

1.  Axis Bank  2. Central Bank of India  3. ICICI Bank  4. State Bank of India  5. Canara Bnak   6. IDBI Bank 
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3. E- VERIFICATION OF ITR USING AADHAR NUMBER USING OTP

An income tax assessee  has to  provide his Aadhar Number  for linking  with his PAN Number .If Aadhar card has been successfully linked to PAN  Number , OTP can be generated on e-filing site . ​

HOW TO E-VERIFY USING AADHAR  ? 

As Linking of Aadhar is mandatory now for filing of IT - RETURNS  , and you would have already linked your Aadhar ,it is easy to verify your IT-Reurn  using  AADHAR . 

1. Login to your income tax account   by CLICKING HERE  and entering your PAN NUMBER , PASSWORD AND DATE OF BIRTH 

2. After logging in , click on   - VIEW RETURNS AND FORMS 

3. Click here to view returns pending e-verification 

4 . CLICK ON - E VERIFY 

5. CLICK on the third option  I would like generate AADHAR OTP to e-verify  my return . 
       ( If you have already obtained EVC ,Go to first option   and if you want to generate EVC  , then go to second option . ) 

6. You will receive your one time password ( OTP  ) on your registered mobile  . 

7. Enter the number in the  Pop-up Box  

8 . A screen will appear indicating successful verification and for download 

​For   User manual  of e- verification  CLICK HERE 

4. E VERIFICATION OF ITR USING DEMAT ACCOUNT USING EVC

One can generate  Electronic verification code  using pre-validated Demat account number at the e-filing site. In the e-filing site , select the option "e-verify using Demat ", and you will get EVC on your registered mobile number  . 
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5 E- VERIFICATION OF IT RETURNS USING BANK ACCOUNT USING EVC

One can generate  Electronic verification code  using pre-validated Bank  account number   at the e-filing site .In the e-filing site , select the option  " e-verify using  Bank Account number " , and you will get EVC on your registered mobile number  . 

For  User manual of e- verification ,CLICK HERE   ,   
​
If you have any problem in e-verifying or e-filing of returns , you may vist IT Department help center  by CLICKING HERE 

 HOW TO VERIFY  VERIFICATION STATUS OF YOUR IT RETURN SUBMITTED ? 
​
1. Login to  e-filing website of Income Tax Department  by clicking on the link
2 . Enter your PAN NUMBER , PASSWORD AND CAPTCHA 
3. In the dashboard    go to   " View Returns / forms "
4. In the next screen , select the option " Income tax Returns " and submit 
5.  The next  screen will give you the status of your IT Return  : Whether it is processed or verified or yet to be verified 

TAX ON RETIREMENT MORE THAN    2000 VIEWS 
​IN ITS FIRST WEEK OF PUBLICATION  
                                                                            CLICK HERE TO READ 
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​​​ ARTICLES PUBLISHED    ON  PRECAUTIONS WHILE  INVESTING    CLICK HERE TO READ 
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TAX ON RETIREMENT
MORE THAN 2000 VIEWS   IN ITS FIRST WEEK OF PUBLICATION  
                                                                    CLICK HERE TO READ 
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