Income Tax News: Essential Guide to E-Verify Your ITR After Filing, Step by Step Process Explained

E-verifying your ITR is a crucial step to ensure your tax return is processed smoothly. Choose the method that suits you best and complete the verification process within the stipulated time.

Income Tax News

Income Tax News: The initial stage in the tax procedure is filing your Income Tax Return (ITR). According to the Income Tax (I-T) e-filing site standards, you must validate your return within 30 days after filing in order to make sure it is legal. July 31, 2024 is the deadline for submitting ITRs for the assessment year 2024–2025 (financial year 2023–2024). Verification confirms that all of the information you have submitted—including your income, taxes paid, claimed deductions, and any outstanding refunds—is accurate.

Methods to E-Verify Your ITR

1. Via Net Banking

If your bank supports it, you can generate an Electronic Verification Code (EVC) through net banking. Here’s how:

2. Via Aadhaar OTP

One of the simplest methods is using an Aadhaar OTP:

3. Via Bank ATM

Some banks allow EVC generation through their ATMs:

4. Digital Signature Certificate (DSC)

You can electronically sign your ITR with the use of a Digital Signature Certificate. Businesses or individuals whose finances are subject to an audit under the Income Tax Act are more likely to employ this strategy.

Physical Verification: Sending Signed ITR-V Form

If you prefer to file your ITR physically, you can download the ITR-V (Acknowledgement) from the e-filing website, sign it manually, and send it to the Centralised Processing Center (CPC) in Bengaluru within 120 days of e-filing. This acts as a physical verification of your ITR.

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