Haven't verified your tax returns? Here's how you can do it

With the extended deadlined for filing ITR, taxpayers get an extra time to very their returns while uploading. Here's how you can do the same.

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So you have successfully filed your income tax return or will do it soon. Congratulations! But don’t relax just yet. As the last step, you still have to verify it. According to income tax laws, ITR verification is mandatory; without it the return will not be considered valid. 

But filers need not be unduly worried, as there are six different ways – both physical and electronic – to verify one’s IT return. Let’s take a look at them.

1. Using Net Banking 

ITR verification can be done via the Net Banking facility of your bank account. Log in to your account from your banking website. Select the e-verify option, which will redirect you to the government’s e-filing portal. Click on ‘My Account’ and select ‘Generate EVC’ option. 

The 10-digit numeric code will be sent to your registered email and mobile number. This code is valid only for 72 hours, so you have to enter it on the e-filing portal before time runs out. This will verify your ITR successfully. 

Related: Income Tax Returns: Who Should File Them And When? 

2. Using demat account 

If you are a demat account holder you can verify your ITR using this option. But first you need to provide your depository details on the government e-filing portal, which will be confirmed by the depository. Go to the profile settings and enter the necessary details such as email ID, mobile number (which is linked to your demat account), and your depository name. 

Once confirmed by the depository (usually within 1-2 hours), click on the ‘Generate EVC’ option and select ‘Generate EVC through Demat Account Number’. You will receive the EVC on your registered mobile number. Enter this on the e-filing portal to complete the verification process.

Related: Top 6 Most Common Mistakes to avoid when filing IT returns 

3. Using Aadhaar-based OTP 

Aadhaar makes things simple! But your mobile number has to be linked to your Aadhaar. Start by logging in to government’s e-filing portal and clicking on ‘Generate Aadhaar OTP’ to e-verify your return. An OTP (one-time password) will be sent via SMS to your registered number. Enter this OTP and click ‘submit’. On completion, your ITR will be verified. 

4. Using bank ATM 

Only a few banks provide this facility, so first confirm if your bank is one of them. Swipe your ATM card at your bank ATM and select ‘PIN for e-filing’. You will receive an EVC on your registered mobile number. Log in to the government’s e-filing portal and enter the EVC code. Bank ATM is handy if you are unable to log in to your netbanking account to generate EVC.

Related: How to File your Income Tax Returns (ITR) Online | Tomorrowmakers 

5. Using bank account 

You can verify your ITR via your bank account. As before, check with your bank if it offers this service. If yes, you can go to the profile settings in your e-filing account and enter the required details such as your bank’s name, bank account number, mobile number, and IFSC code. To validate this process, your PAN and name should match with your bank account records.

Once the above step is successful, select ‘Generate EVC’ under ‘My Account’. A code will be sent to your registered mobile number, which you need to enter. Your ITR will be verified. 

Related: IT department warns salaried taxpayers against filing incorrect returns  

6. Acknowledgement receipt 

This is a physical process of verifying your ITR. For this, you need to send a signed copy of ITR-V to the Central Processing Centre (CPC) of the IT department. There are certain things you must pay attention to:

1. ITR-V is a one-page document that you need to sign in blue ink. You can send this document only via speed post or ordinary post. 

2. Postal address of CPC Bangalore is: CPC, Post Box No 1, Electronic City PO, Bengaluru 560 100, Karnataka, India.

3. Once the IT department receives your document, they will intimate you via email or SMS and start processing your IT return. 

4. If you don’t receive an acknowledgement within 2-3 weeks, please check the status in your e-filing account.


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