Have You Filed Your Online Income Tax Return? Did You e-Verify It?
With the financial year ended, most of you are preparing to file your Income Tax Returns (ITR) before the due date of 31 July. The online medium has made the whole ITR filing process smoother than before. But, does e-filing your ITR complete the tax filing process? No, it doesn’t. For the process to be complete, you have to also verify your ITR. This verification can also be done online.
e-Verification of your ITR is the process to establish taxpayer’s identity. This is done through an Electronic Verification Code (EVC), which is generated on the e-filing website of the Income Tax Department. The EVC is a unique code generated against the PAN number of the assesse. It is valid for verifying ITR1, ITR2, ITR 2A, ITR 3, ITR 4 and ITR 4S. Once generated, the EVC is valid only for 72 hours and it can be generated multiple times through various modes.
e-Verify Your ITR
e-Verification of the ITR is simple. It can be done as follows:
- Log onto the e-Filing website of the Indian Income Tax Department and upload your ITR
- After the ITR is uploaded, go to the e-File tab on the website and select ‘e-verify Return’ from the drop down box.
- You would be directed to a new page showing the uploaded ITR which is pending e-Verification.
- Clicking on ‘e-Verify’ will redirect you to a new page with 4 different options:
- I already have an EVC to e-Verify my return
- I do not have an EVC and I would like to generate EVC to e-Verify my return
- I would like to generate Aadhaar OTP to e-Verify my return
- I would like to send ITR-V/I would like to e-Verify later
Here are the steps for each option:
For Option 1 –
o If you have already generated an EVC, then click on this option and e-verify your return.
For Options 2 and 3 –
There are 6 alternative ways to e-Verify your ITR if you don’t have an EVC and would like to generate it or if you would like to generate your Aadhaar OTP for such verification. Let us understand these alternatives:
- Through Net banking
If you had used the Net banking facility, you can easily e-Verify your ITR using it. You simply have to log into your Net banking account. Next, select the ‘e-Filing’ option and select the ‘e-Verify’ link available on your uploaded ITR. Your ITR would be e-Verified.
- Through Your Registered Mobile Number and Email id
For this alternative, select the ‘Generate EVC’ option and you would receive the EVC on your registered mobile number and email id. By entering this EVC on the e-Filing portal, you can e-Verify your return.
- Through Your Bank’s ATM
You would have to swipe your bank’s ATM card at your bank’s ATM machine. Then you should enter your PIN number for e-Filing. You would receive the EVC on your registered mobile number. Then you should visit the e-Filing portal of the Income Tax Department, enter your EVC and your return would be e-Verified.
- Through Your Bank Account Number
For this option, you would have to visit the e-Filing portal and pre-validate your bank account number if not done earlier. After validating, select ‘e-Verify’, select ‘e-Verify using bank account details’ and you can generate an OTP. After entering the OTP, the EVC would be generated and sent to your registered mobile number that should be then entered on the e-Filing portal for e-verification.
- Through Your Demat Account Number
Even your demat account can help in e-verification of your ITR. To do so, log into the e-Filing portal and pre-validate your demat account number first. After the details are successfully validated, click ‘e-Verify’, select ‘e-Verify using demat account details’ and you would get an OTP. Using this OTP you can generate an EVC that would be sent to your registered mobile number. Using this EVC you can e-Verify your ITR.
- Through Aadhaar OTP
This alternative is relevant for Option 3 wherein you can enter your Aadhaar Card details to e-Verify your ITR. Log into the e-Filing portal and link your Aadhaar Card to your PAN number if you have not done so before. After this validation, select ‘e-Verify’, select ‘e-Verify return using Aadhaar OTP’ and generate an OTP. This OTP then generates the EVC number that is sent to your registered mobile. This EVC number, when entered in the e-Filing portal, e-verifies your ITR.
So, these were the 6 different alternatives of e-Verifying your ITR for options 2 and 3. Alternatives 1, 2, 4 and 5 are available for taxpayers having an income of fewer than Rs.5 lakhs or no pending refunds. Alternatives 1, 4 and 5 are for taxpayers with incomes more than Rs.5 lakhs or having a tax refund.
For Option 4 –
If you want to e-Verify your ITR later, you can select Option 4. After clicking ‘Continue’, you are directed to a Success page wherefrom you can download your ITR-V. You can then sign the downloaded Form manually and post it to the Centralised Processing Center (CPC) in Bangalore within 120 days from the date you uploaded your ITR online.
While you can file an online income tax return, e-Verification of your ITR is necessary to complete the ITR filing process. This verification can be done online and is easy and convenient.
Follow any of the above options and alternatives to e-Verify your ITR easily.