Through with Income Tax filing and planning to send ITR-V to CPC, Bangalore? Save yourself from this obligation as Income Tax Department has launched e-verification to do away with paperwork. Below are various methods described to successfully e-verify your returns.
1) Electronic Verification Code (EVC) - EVC is a ten-digit code, which is generated before filing returns and is received on mobile number and email id of the taxpayer. After an individual uploads Income Tax Return on e-portal, he will get two options for EVC, i.e.,
First Option - ”I already have an EVC to e-verify my return."
Second Option - “I do not have an EVC, and I would like to generate EVC to e-verify my return."
Under the first option, EVC received on mobile number and email ID should be entered and to successfully e-verify your returns. Second option is only available to taxpayers, whose income is below five lakhs and have not filed for a refund. Taxpayers with income above five lakhs will have to e-verify using other modes.
2) Aadhaar OTP - E-verification through Aadhaar is possible only when mobile number is linked with Aadhaar, and both Pan and Aadhaar of a taxpayer is linked to the income tax site. Linking Aadhaar with e-filing portal is easy as taxpayer has to input Aadhaar number in the pop-up window while logging into account. After submission, OTP is sent to Aadhaar linked mobile number. It is to be noted that Aadhar OTP is valid only for 10 minutes. Hence it needs to be submitted within the given timeframe to e-verify returns.
3) Netbanking - to e-verify through net banking, a taxpayer has to first log into his/her own online bank account and click on the “income tax e-filing” section. This will redirect the taxpayer to income tax website, where e-verification can be done by simply submitting request against the returns pending for e-verification for a given Assessment Year.
4) Using Bank Account number - Taxpayers can e-verify by validating their bank account number on e-filling portal. Bank account details including Indian Financial System Code (IFSC) and other required details needs to be submitted, after which EVC is sent to email ID and mobile number. E-verification can be done using the code, and taxpayer should retain the system-generated message, which states that returns are e-verified.
5) Using Demand Account number - Similar to bank validation, a taxpayer has to submit Demat a/c details in order to e-verify returns using this mode. By submitting information against depository type, DP ID, Client ID, and other relevant fields, taxpayers can generate EVC, which will be sent to the registered mobile number.
Taxpayers can physically verify tax returns by sending ITR-V to Bangalore if none of the above options works.
Physical ITR-V should be signed and sent through Post to - Income Tax Department - CPC, Post Box No - 1, Electronic City Post Office, Bangalore - 560100, Karnataka, India.
About The Author: Reenika Avasthi is associated with Inverika Investment Solutions LLP as a Content Writer and Financial Planner. Reenika Avasthi is a Certified Financial Planner and a freelance content writer in the field of personal finance. Her interest in writing and spreading investor awareness motivated her to start blogging.
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