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E-VERIFICATION OF IT RETURNS
FOR TAX PLANNING FOR FY 20-21 ,CLICK HERE
LAST DATE FOR FILING INCOME TAX RETURN FOR FY 19-20 NOW IS 31.12.2020
TO KNOW ALL ABOUT ITR FORMS ,CLICK HERE
TO KNOW ALL ABOUT ITR FORMS ,CLICK HERE
WHAT NEXT AFTER SUBMISSION OF IT RETURN ? E VERIFICATION OF ITR
ONE TIME RELAXATION FOR E-VERIFYING OLD IT RETURNS :
Dated 14.07.2020 : Income Tax department has found that that a large number of electronically filed ITRs of earlier years still remain pending with them for want of receipt of a valid ITR-V Form at CPC, Bengaluru from the taxpayers concerned. If an Income tax return is not verified within 120 days of its submission , it has to be treated as not submitted
But now IT Department has permitted for one time late verification of of returns for Assessment Years 2015-16, 2016-17, 2017-18, 2018-19 and 2019-20 which were uploaded electronically by the taxpayer within the time allowed and which have remained incomplete due to non-submission of ITR-V Form for verification, either by sending a duly signed physical copy of ITR-V to CPC, Bengaluru through speed post or through EVC/OTP modes . Such verification process must be completed now by 30.09.2020 as per the circular issued on 13.07.2020 .
Verification of returns can be done in the following ways :
i. Through Aadhaar OTP
ii. By logging into e-filing account through net banking
iii. EVC through Bank Account Number
iv. EVC through Demat Account Number
v. EVC through Bank ATM
vi. By sending a duly signed physical copy of ITR-V through post to the CPC, Bengaluru
Further, CBDT has relaxed the time-frame for issuing the intimation of processing of such returns by 31.12.2020 and intimation of processing of such returns will be sent to the taxpayer concerned .
In case the taxpayer concerned does not get his return regularized by furnishing a valid verification (either ITR-V or EVC/OTP) by 30.09.2020, necessary consequences as provided in law for non-filing the return may follow.
If you have your IT RETURN pending for want of verification , you can complete the same by following any of the method explained below
To read IT DEPARTMENT CIRCULAR DATED 13 . 07.2020 , CLICK HERE
Dated 14.07.2020 : Income Tax department has found that that a large number of electronically filed ITRs of earlier years still remain pending with them for want of receipt of a valid ITR-V Form at CPC, Bengaluru from the taxpayers concerned. If an Income tax return is not verified within 120 days of its submission , it has to be treated as not submitted
But now IT Department has permitted for one time late verification of of returns for Assessment Years 2015-16, 2016-17, 2017-18, 2018-19 and 2019-20 which were uploaded electronically by the taxpayer within the time allowed and which have remained incomplete due to non-submission of ITR-V Form for verification, either by sending a duly signed physical copy of ITR-V to CPC, Bengaluru through speed post or through EVC/OTP modes . Such verification process must be completed now by 30.09.2020 as per the circular issued on 13.07.2020 .
Verification of returns can be done in the following ways :
i. Through Aadhaar OTP
ii. By logging into e-filing account through net banking
iii. EVC through Bank Account Number
iv. EVC through Demat Account Number
v. EVC through Bank ATM
vi. By sending a duly signed physical copy of ITR-V through post to the CPC, Bengaluru
Further, CBDT has relaxed the time-frame for issuing the intimation of processing of such returns by 31.12.2020 and intimation of processing of such returns will be sent to the taxpayer concerned .
In case the taxpayer concerned does not get his return regularized by furnishing a valid verification (either ITR-V or EVC/OTP) by 30.09.2020, necessary consequences as provided in law for non-filing the return may follow.
If you have your IT RETURN pending for want of verification , you can complete the same by following any of the method explained below
To read IT DEPARTMENT CIRCULAR DATED 13 . 07.2020 , CLICK HERE
NOW YOU CAN E-VERIFY IT RETURNS WITHOUT LOGGING IN
Dated 09.08.2019 :Now Income Tax Department has facilitated e-verifying of IT Returns submitted for FY 2018-19 ( AY 2019-10 ) without logging in to your PAN account in e-filing website .
You can just visit the e-filing site ( Click to access the link ),enter your PAN Number , Assessment year and Acknowledgement number and directly go for e-verification
Dated 09.08.2019 :Now Income Tax Department has facilitated e-verifying of IT Returns submitted for FY 2018-19 ( AY 2019-10 ) without logging in to your PAN account in e-filing website .
You can just visit the e-filing site ( Click to access the link ),enter your PAN Number , Assessment year and Acknowledgement number and directly go for e-verification
E-VERIFICATION OF ITR
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 .
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
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 .
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
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
TAX ON RETIREMENT MORE THAN 2000 VIEWS
IN ITS FIRST WEEK OF PUBLICATION
CLICK HERE TO READ
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HOW TO LINK YOUR AADHAR TO PAN ? CLICK HERE
AAYKAR SETHU , NEW MOBILE APPLICATION FOR ALL YOUR INCOME TAX JOBS
mAadhar : MOBILE APPLICATION OF UIDAI
FOR SMART PHONE ( ANDROID ) USERS BETA VERSION RELEASED BY UIDAI FOR CARRYING AADHAR IN YOUR MOBILE
AAYKAR SETHU , NEW MOBILE APPLICATION FOR ALL YOUR INCOME TAX JOBS
mAadhar : MOBILE APPLICATION OF UIDAI
FOR SMART PHONE ( ANDROID ) USERS BETA VERSION RELEASED BY UIDAI FOR CARRYING AADHAR IN YOUR MOBILE
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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LAST DATE FOR FILING INCOME TAX RETURN FOR FY 18-19 NOW IS 31.08.2019
TO KNOW ALL ABOUT ITR FORMS , CLICK HERE
HOW TO LINK YOUR AADHAR TO PAN ? CLICK HERE
AAYKAR SETHU ,NEW MOBILE APPLICATION FOR ALL YOUR INCOME TAX JOB
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TAX ON RETIREMENT
MORE THAN 2000 VIEWS IN ITS FIRST WEEK OF PUBLICATION
CLICK HERE TO READ
-----------------------------------------------------------------------------------------------------------------
LAST DATE FOR FILING INCOME TAX RETURN FOR FY 18-19 NOW IS 31.08.2019
TO KNOW ALL ABOUT ITR FORMS , CLICK HERE
HOW TO LINK YOUR AADHAR TO PAN ? CLICK HERE
AAYKAR SETHU ,NEW MOBILE APPLICATION FOR ALL YOUR INCOME TAX JOB