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E-VERIFICATION OF IT RETURNSÂ
TAX PLANNING FOR FY 2022-23 ( AY 2023-24 )Â
Comprehensive  Article on Income tax changes in Rules, Rates , Slabs , Rebates  and EstimationÂ
CLICK HERE TO READ ​
Comprehensive  Article on Income tax changes in Rules, Rates , Slabs , Rebates  and EstimationÂ
CLICK HERE TO READ ​
WHAT NEXT AFTER  SUBMISSION OF IT RETURN ? E VERIFICATION OF ITRÂ
TIME LIMIT TO E-VERIFY IT RETURNS REDUCED :Â
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 daysÂ
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. Â
​ 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 . Â
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 .Â
 To read  CBDT NOTIFICATION DATED 29.07.2022 IN THIS REGARD ,  CLICK HEREÂ
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 daysÂ
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. Â
​ 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 . Â
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 .Â
 To read  CBDT NOTIFICATION DATED 29.07.2022 IN THIS REGARD ,  CLICK HEREÂ
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 . Â
 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 .Â
 VERIFY YOUR TAX RETURN SUBMITTED ON-LINE BY LOGGING IN TO INCOME TAX E-FILING WEBSITE :Â
1. GO TO NEW INCOME TAX E-FILING WEBSITE  Â
2. LOGIN USING YOUR PAN NUMBER AND PASSWORD . Â
 3. Go to e-filing / income tax returns / e-verifyÂ
4. Then select Assessment year ,and method of verification Â
OrÂ
TO VERIFY WITHOUT LOGINÂ Â :Â
1. Go to e-filing website / e-verify Return  Â
2. Fill PAN Number , Assessment Year , Acknowledgement number and mobile number .
​3. Click on continue ​ Â
​
 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 .Â
 VERIFY YOUR TAX RETURN SUBMITTED ON-LINE BY LOGGING IN TO INCOME TAX E-FILING WEBSITE :Â
1. GO TO NEW INCOME TAX E-FILING WEBSITE  Â
2. LOGIN USING YOUR PAN NUMBER AND PASSWORD . Â
 3. Go to e-filing / income tax returns / e-verifyÂ
4. Then select Assessment year ,and method of verification Â
OrÂ
TO VERIFY WITHOUT LOGINÂ Â :Â
1. Go to e-filing website / e-verify Return  Â
2. Fill PAN Number , Assessment Year , Acknowledgement number and mobile number .
​3. Click on continue ​ Â
​
E VERIFICATION OF ITR USING NET - BANKING
1. E- VERIFICATION USING NET - BANKINGÂ
 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 .Â
1. Allahabad Bank  2. Andhra Bank . 3 Axis Bank  4. Bank of Baroda 5. Bank of India 6. Bank of Maharashtra  7. Canara BankÂ
8. Central Bank of India  9 . City Union Bank Ltd  10.  Corporation bank  11. Dena Bank  12. HDFC Bank  13 . ICICI Bank Â
14. IDBI Bank  15 . Indian Bank  16. Indian Overseas Bank  17. Indusind Bank Ltd  18. Karnataka Bank Ltd  19 . Kotak Mahindra BankÂ
​20. Oriental Bank of Commerce . 21. Punjab National Bank  22. Punjab and Sind Bank  23. South Indian BankÂ
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 BankÂ
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 . Â
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 BankÂ
​
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 Â ?Â
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 .Â
1. Login to your income tax account  by CLICKING HERE  and entering your PAN NUMBER , PASSWORD AND DATE OF BIRTHÂ
2. After logging in , click on  - VIEW RETURNS AND FORMSÂ
3. Click here to view returns pending e-verificationÂ
4 . CLICK ON - E VERIFYÂ
5. CLICK on the third option  I would like generate AADHAR OTP to e-verify  my return .Â
    ( If you have already obtained EVC ,Go to first option  and if you want to generate EVC  , then go to second option . )Â
6. You will receive your one time password ( OTP  ) on your registered mobile  .Â
7. Enter the number in the  Pop-up Box Â
8 . A screen will appear indicating successful verification and for downloadÂ
​For  User manual  of e- verification  CLICK HEREÂ
1. Login to your income tax account  by CLICKING HERE  and entering your PAN NUMBER , PASSWORD AND DATE OF BIRTHÂ
2. After logging in , click on  - VIEW RETURNS AND FORMSÂ
3. Click here to view returns pending e-verificationÂ
4 . CLICK ON - E VERIFYÂ
5. CLICK on the third option  I would like generate AADHAR OTP to e-verify  my return .Â
    ( If you have already obtained EVC ,Go to first option  and if you want to generate EVC  , then go to second option . )Â
6. You will receive your one time password ( OTP  ) on your registered mobile  .Â
7. Enter the number in the  Pop-up Box Â
8 . A screen will appear indicating successful verification and for downloadÂ
​For  User manual  of e- verification  CLICK HEREÂ
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  .Â
​
​
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  .Â
For User manual of e- verification ,CLICK HERE  , Â
​
If you have any problem in e-verifying or e-filing of returns , you may vist IT Department help center by CLICKING HEREÂ
For User manual of e- verification ,CLICK HERE  , Â
​
If you have any problem in e-verifying or e-filing of returns , you may vist IT Department help center by CLICKING HEREÂ
 HOW TO VERIFY VERIFICATION STATUS OF YOUR IT RETURN SUBMITTED ?Â
​
1. Login to e-filing website of Income Tax Department by clicking on the link
2 . Enter your PAN NUMBER , PASSWORD AND CAPTCHAÂ
3. In the dashboard  go to  " View Returns / forms "
4. In the next screen , select the option " Income tax Returns " and submitÂ
5. The next screen will give you the status of your IT Return : Whether it is processed or verified or yet to be verifiedÂ
​
1. Login to e-filing website of Income Tax Department by clicking on the link
2 . Enter your PAN NUMBER , PASSWORD AND CAPTCHAÂ
3. In the dashboard  go to  " View Returns / forms "
4. In the next screen , select the option " Income tax Returns " and submitÂ
5. The next screen will give you the status of your IT Return : Whether it is processed or verified or yet to be verifiedÂ
TAX ON RETIREMENT MORE THANÂ Â Â 2000 VIEWSÂ
​IN ITS FIRST WEEK OF PUBLICATION Â
                                       CLICK HERE TO READÂ
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​​​ ARTICLES PUBLISHED  ON  PRECAUTIONS WHILE  INVESTING   CLICK HERE TO READÂ
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TAX ON RETIREMENT
MORE THAN 2000 VIEWSÂ Â Â IN ITS FIRST WEEK OF PUBLICATION Â
                                  CLICK HERE TO READÂ
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TAX ON RETIREMENT
MORE THAN 2000 VIEWSÂ Â Â IN ITS FIRST WEEK OF PUBLICATION Â
                                  CLICK HERE TO READÂ
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