Filed Your Income Tax Return? Five Ways To Verify
If you haven't filed your ITR or income tax return so far this year, you should do it this month. With July 31 being the last day to file ITR by individuals for assessment year 2018-19, if you haven't already, you have few weeks to learn about the ITR filing procedure. However, filing an ITR is not all. The Income Tax Department has mandated the public to also verify it. The taxman today offers many ways of verifying ITR. Mail, net banking, ATM and Aadhaar are some of these methods for verifying your ITR.
(Also read:Â Want To Win Rs 5 Crore In Six Months? Be An Informant For Income Tax Department)
Traditionally, income tax assessees used to get their ITR submission verified by way of sending a signed ITR-V form to the Centralized Processing Centre (CPC), Bengaluru. Other than that, the Income Tax Department supports five ways to get your ITR verified. These are:
- Instantly e-verify your Income Tax Return with Aadhaar OTP.
April 18, 2018
- No need to send ITR verification form physically.#BenefitsOfAadhaar pic.twitter.com/8cAcoRTj6tHow to take up ITR verification
Through net banking
For this, the assessee is required to login into his or her net banking account. Once logged in, the user may find and click on the 'e-filing' link. This redirects the user to a particular section on the Income Tax Department's e-filing portal - incometaxindiaefiling.gov.in. Using this link to submit an ITR ensures that the same is verified.
Through bank account
An ITR can also be verified directly through the taxman's e-filing portal. The user is required to log into the income tax e-filing portal. Once logged in, the user can select the 'Profile Setting' option to "pre-validate" his or her bank account. This service, the taxman mentions, is only available for select banks. The user may proceed by choosing 'EVC' as verification method, using the pre-validated bank account. After the user submits the ITR, an EVC or electronic verification code is sent to the user's registered mobile number. The user is required to enter this code in the given field on the e-filing portal. This completes the ITR verification process.
Through demat account
This method is similar to the previous method. After logging into the e-filing portal and selecting the 'Profile Setting' section, the user may proceed by choosing "EVC using DEMAT account" as verification mode, according to the taxman. After submission of ITR, the user receives an EVC on his or her mobile number. Furnishing this code on the given field on the e-filing portal completes the process of ITR verification.
Through bank ATM
After logging into an ATM using a debit or ATM card, the user may select the 'PIN for e-filing' option to verify his or her ITR. According to the Income Tax Department, this facility is also available in select banks. That means if you are not sure whether your bank provides this facility, you may check the available options the next time you use your debit card at an ATM. After this step, an EVC is sent to the registered mobile number. This code can be shared with the taxman through the e-filing portal. Once you have your EVC with you, you may log into the e-filing portal and select "already generated EVC through Bank ATM" as verification mode. After this step, submit your ITR and then enter the EVC in the given field. This completes the ITR verification process.
Through Aadhaar OTP
ITR verification can also be done using an Aadhaar card. For this, the user is required to log into the taxman's e-filing portal. He or she is then required to submit the ITR by selecting "Aadhaar OTP" as verification mode. Once this is done, the OTP or one-time password is sent to the mobile number registered with the Aadhaar card. This OTP is to be filled in the given field on the e-filing portal. The ITR verification process gets completed after the user provides this OTP.
-
High US Salaries, No Green Card Certainty: The Financial Calculation Facing Indian H-1B Families
The suspension of PERM processing at eight technology employers does not cancel existing H-1B visas. What it does is force a question many Indian families have been avoiding: is the US salary worth tying your career and family plans to one employer?
-
Swiggy vs Eternal: Food Delivery's Two Rivals Are No Longer In The Same Race
Eternal is building a private AI assistant, dark.ai. Swiggy is still working out how to make Instamart pay, with an operating loss of Rs 895 crore in the July-September quarter while Blinkit stayed profitable.
-
Where You Live Shapes How You Get To Work | The Reason Why
Two-wheelers are the most popular way to get to work in India, accounting for nearly 43% of workplace commutes.
-
Unhedged Position: Can India See An Indonesia-Style Time Correction?
The Nifty is trading below levels it first clocked in 2024. Is there, then, as I have suggested in the headline, potential that the current time correction drags on painfully for the next three-five, even ten years?
-
Navigating Friction And Energy Realities: An Analysis Of Marco Rubio's October Visit To India
Occurring at a critical juncture marked by stalled trade negotiations and escalating geopolitical pressures over global energy supplies, the visit offers a profound window into modern US-India relations.
-
India Exports Capital. Why Not Export Trusteeship?
The big question, then, is whether India can build an institution that global borrowers, investors, banks, and lawyers can trust, even without an Indian connection.
-
France's Economy & Politics Are In Crisis | The Reason Why
Let's look at how the French economy and politics evolved under Nicolas Sarkozy, Franois Hollande and Emmanuel Macron.
-
You May Inherit The Business. You Must Earn Its Credibility.
Succession tests the founder's ability to share authority as much as it tests the next generation's readiness to assume it.
-
Signing Deals Is One Thing; Making Them Work Is Another | The Week In Whys
Sometimes, things don't turn out as planned. Indian companies have lost some bids to rivals, some projects won't produce until 2030.
-
FOMC Wall, PERM Suspension, Hospital Stocks | Talking Points This Week
A PERM suspension would directly affect green-card sponsorship rather than H-1B visas, so the near-term earnings impact could remain relatively limited. The key question is whether this marks a new phase in US scrutiny of Indian IT.
