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

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:

• Log in to your bank’s net banking portal.
• Select the option to generate an EVC for income tax e-filing.
• Follow the instructions to complete the process.

2. Via Aadhaar OTP

One of the simplest methods is using an Aadhaar OTP:

• Ensure your Aadhaar is linked with your registered mobile number.
• When you choose this option, an OTP will be sent to your mobile.
• Enter the OTP on the e-filing portal to verify your ITR.

3. Via Bank ATM

Some banks allow EVC generation through their ATMs:

• Visit your bank’s ATM.
• Select the income tax e-filing option.
• Follow the prompts to generate and receive the EVC.

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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