Streamlining E-Verification for Income Tax Returns

01 Mar Streamlining E-Verification for Income Tax Returns

Posted at 07:39h in Direct Tax by
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In navigating the process of e-verifying tax returns without the need for logging into the e-filing portal, individuals encounter a simplified procedure. The avenue for e-verification resides within the e-filing portal of the income tax department, conveniently accessible through the “e-verify” option nestled under the “quick links” section on the homepage.

The scope of this e-verify feature extends to the ongoing assessment year, facilitating the verification of returns pertinent to the current fiscal cycle.

Prerequisites for E-Verification:

  • The taxpayer must have filed the Income Tax Return (ITR) for the assessment year, securing an acknowledgment in ITR-V.
  • Within the ITR-V, an acknowledgment number plays a pivotal role in the e-verification process.
  • The ITR should be filed by the taxpayer who isn't mandatorily required to utilize a Digital Signature Certificate (DSC), and it shouldn't be filed by an authorized signatory or representative assessee.

Methods of E-Verification:

  • Accessing the submitted ITR for e-verification after logging into the e-filing portal.
  • Utilizing the "e-verify" option housed within the "quick links" section on the e-filing portal's homepage.

Within the “e-verify” option, the taxpayer inputs crucial details including PAN, assessment year, and the acknowledgment number from ITR-V. Subsequently, a trio of options surfaces:

  • Utilizing an existing EVC for e-verification.
  • Generating an EVC for e-verification purposes.
  • Employing Aadhar OTP for e-verification.

Upon selection, the requisite OTP is entered to validate the process.

Finalization of E-Verification:

E-verification marks the final stride in the ITR filing journey, with taxpayers granted a 120-day window for completion post submission or upload.

Options for EVC Generation:

For generating EVC, taxpayers can choose from several avenues:

  • EVC through net banking facilities.
  • EVC through bank account details.
  • EVC through demat account particulars.
  • EVC retrieval via bank ATMs.

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