E-verification of ITR – 6 different ways to verify ITR online
E-verification of ITR: A Brief Overview
This post will discuss how to e-verify your income tax return (ITR) without sending the ITR-V to the income tax department. Let’s see each section in detail:
What is e-verification of ITR?
When you file your income tax return, the department will receive it but will start processing it once it has been verified. This process is called ITR verification.
The time limit for ITR verification has been reduced from 120 days to 30 days. This new rule applies to ITRs filed on or after August 1, 2022. For ITRs filed before July 31, 2022, the 120-day verification deadline still applies.
The income tax department has introduced a new way to e-verify income tax returns. You do not need to log in to your income tax portal in this new process. This is a quick and easy way to verify your return. For more information, continue reading:
6 Different ways of e-verification of ITR include:
What is EVC or Electronic Verification Code?
The EVC (Electronic Verification Code) is a 10-digit alphanumeric code to verify your income tax return. It is unique to your PAN and is valid for only 72 hours from the time of generation.
The purpose of the EVC is to verify your identity as the person who filed the income tax return. You can use the EVC to verify ITR-1, ITR-2, ITR-3, and ITR-4.
If you are e-verifying via your mobile number and email ID, you must meet the following eligibility criteria:
- Your total income must be less than ₹5 lakh.
- You must not have any refund claim.
The EVC can only be used to verify one ITR, whether an original or a revised return.
Procedure for e-verification of ITR
1: Login to the Income Tax Department e-filing Account
2: Select “e-filed Returns/Forms” from the “My Account” drop-down
3: Click on “Click here to view your returns pending for e-verification.”
4: For whichever ITR you want to verify, click “e-verify.”
5: Choose any one option listed on the displayed screen.
1.E-verification through DSC (Digital signature certificate)
A Digital Signature Certificate (DSC) consists of the following:
- Name of the owner
- Public key of the owner
- Expiration date
- Issuing Certification Authority name
- Serial number
- Digital signature of the issuer
To verify your ITR using a Digital Signature Certificate (DSC), follow these steps:
- On the e-filing portal, select “I would like to verify using a Digital Signature Certificate (DSC)”.
- Click on “Click here to download designer utility”.
- Click on “I have downloaded and installed the designer utility”.
- Select the provider, certificate, and password on the next page. Then, click on “Sign”.
A successful message will be displayed with the transaction ID. Keep this transaction ID safe for future reference. It will also be provided to you via email.
2.E-verification through Aadhar Card
- Log in to the e-filing website.
- Go to the “e-file” tab and select “Income Tax Returns”>> Select “e-verify return”.
- Select “I would like to e-verify using OTP on the mobile number registered with Aadhaar”.
- Click on “I agree to validate my Aadhaar Details, and generate Aadhar OTP (this OTP will be valid for 15 minutes only)”.
- Enter the OTP that is sent to your mobile number.
- Click on “Verify”. You will receive a message that your return has been successfully verified.
An acknowledgement will be generated that you can download. It will also be sent to your email address.
3. ITR e-verification via net banking is a straightforward procedure.
Learn how to e-verify your ITR using :
- SBI Net Banking
- HDFC Net Banking
- ICICI Net Banking
- Axis Net Banking
- Kotak Mahindra Net Banking
4. E-verification of ITR through ATM
You can also generate an EVC through ATM. You can use “PIN FOR INCOME TAX FILING” in the ATM to generate the EVC. For this, you must have linked your PAN with the respective bank account, and the PAN should be registered with e-Filing. Upon using the option, you will get the EVC on the registered mobile number (Primary mobile number registered with a specific Bank). Currently, this option is available for particular banks only.
The banks are:
- Axis Bank Ltd
- Canara Bank
- Central Bank of India
- ICICI Bank
- IDBI Bank
- SBI
5. E-verification of ITR through a pre-validated bank account
You can generate an EVC using Pre-validated bank account details. You must have linked your bank account with your e-filing account. The option to link the same is available under Profile Settings -> Pre-validate bank account after login to the e-Filing portal. Currently, this option is available for specific banks only.
The banks are:
- Andhra Bank
- Bank of Baroda
- Canara Bank
- Central Bank of India
- HDFC Bank
- ICICI Bank
- IDBI Bank
- Karur Vysya Bank
- Kotak Mahindra Bank
- Oriental Bank of Commerce
- Punjab National Bank
- SARASWAT Bank
- State Bank of India
- Syndicate Bank
- Union Bank of India
- United Bank of India
6. E-verification of ITR through a DEMAT account
To e-verify your ITR using your demat account number, you can follow these steps:
- Go to the e-filing portal.
- Pre-validate your demat account number. If you have not pre-validated your demat account number, click on the “Pre-validate Demat Account” link.
- Once your demat account number has been pre-validated, click the “e-verify” link.
- Select the option to “E-Verify using Demat Account Details”.
- Click on the “Generate OTP” button.
- An OTP will be sent to your registered mobile number.
- Enter the OTP on the e-filing portal.
- Your ITR will be successfully verified.
What is the due date for e-verification of ITR?
The due date for e-verification of ITR is 120 days from the date of filing of your returns. e.g. If you file your return on May 1, the due date will be August 29.
If you verify after 120 days of filing the return, you must manually send the ITR-V form to CPC Bangalore.
What to do after e-verification of ITR?
Nothing. When the e-verification is finished, you will receive an acknowledgement to your registered email address, and that’s all.
FAQ
1. What is the income tax return filing?
Ans: Income tax return filing is submitting your income details and the taxes leviable to the income tax department in the applicable ITR form. It is a legal requirement for all taxpayers in India.
2. Is it mandatory to use e-verify?
Ans: It is optional for taxpayers to e-verify their income tax returns (ITRs).
3. What is EVC?
Ans: EVC stands for Electronic Verification Code. It is a 10-digit alphanumeric code used to verify income tax returns (ITRs) online. It is generated by the income tax department and sent to the taxpayer’s registered mobile number.
4. What happens after the e-verification of ITR?
Ans: The tax department processes your return after e-verifying the ITR. This process may take a few days to a few weeks. Once they complete processing your return, they will notify you of the outcome.
