Income Tax
Return goes completely paper less, now the processing of return filed will be
through Aadhaar Number, where, you can link your Aadhaar Number with your PAN
and get rid of sending ITR V to CPC, Bangalore.
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In the new
process, One Time Password (OTP) will be generated after uploading of your
return. With the help of this OTP, you can verify your ITR filed and there
will be no need to send Acknowledgement to Bangalore.From the Assessment Year
2015-16, an option is given to the taxpayer to verify their return of
income via Electronic Verification Code (EVC).In these cases, taxpayers
shall not be required to send the signed copy of ITR-V to CPC, Bangalore.
Before getting
in details, we shall first understand the term EVC and how can it be
generated:
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What is EVC?
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For electronic
verification of return, a code (EVC) is generated. EVC will be a unique
number linked to assessee’s PAN. One EVC can be used to validate one return,
irrespective, of assessment year or type of return.
Note: EVC generated via Aadhaar Card will be valid only for 10 minutes and in any other case, it will be valid for 72 hours. |
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Can all assessee verify return
through EVC?
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Following cannot
file return through EVC:
a) Persons, whose accounts are required to be audited under Section 44AB; b) Political parties filing their return of income in ITR-7; and c) Companies. |
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How to generate EVC?
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Taxpayers can
generate EVC by any of the four ways given below:
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1. Through
E-filing Website of Income Tax Department:This facility is available only to
the assessee’s:
▪ Having total income of Rs. 5
Lakhs or below and
▪ Not claiming Income-tax
refund.
EVC generated
will be sent to the registered email ID and mobile number.
2. Through
Net-Banking: If
your bank is registered with Income Tax Department, you can directly access
the e-filing website through your account login. EVC generated will be sent
to the registered e-mail id and mobile number of taxpayer.
3. Through
Aadhaar Number: Taxpayers
can link their Aadhaar Number with their PAN on e-filing website to generate
the EVC.
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After linking
Aadhaar Number to PAN, ‘one time password’ (‘OTP’) will be generated by UIDAI
and sent to the taxpayer’s mobile number registered with UIDAI. This Aadhaar
based OTP is the EVC and can be used to verify the incometax return.
4. Through ATM: Taxpayers can generate EVC
through ATM only if ATM card of taxpayer is linked to PAN. The bank will
communicate to e-filing website which will generate EVC and send the EVC to
assessee on his registered mobile number.
After
understanding all the options available for generating EVC, you must know how
and when this EVC shall be used in verification process.
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E- Verification
of Income Tax Returns is required to be done in following situations:
1. While uploading a return
2. Of an already uploaded return |
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Let us see how
and when EVC is being used in all the situations.
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E-Verification
while uploading a return
▪ Upload Return and Click Submit
▪ The Return is uploaded.
However, Pending for e-Verification
▪ For e-Verification,taxpayer
can:
▪ Option 1 – I would
like to e-Verify now
▪ Option2 – I would
like to e-Verify later/ I would like to send ITR-V
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Option 1 –I
would like to e-Verify now
Step 1: Enter the EVC sent to your registered Email Id / Mobile Number and Submit to e-Verify return. Step 2: Download the Acknowledgement (No Further action required).
Option 2 – I
would like to e-Verify later/ I would like to send ITR-V
Step 1: Click on Continue ->Download ITR-V Step 2: Submit ITR-V to CPC, Bangalore. |
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2.
E-Verification of an already uploaded return
▪ Click e-Verify Return under
e-file.
▪ Uploaded returns (120 Days)
which are yet to be e-Verified are displayed in a table.
▪ Click on e-Verify (for the
return already uploaded)
▪ For e-Verification, taxpayer
can:
▪ Option 1 – I would
like to e-Verify now
▪ Option 2 – I would
like to e-Verify later/ I would like to send ITR-V
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Option 1 –I
would like to e-Verify now
Step 1: Enter the EVC sent to your
registered Email Id / Mobile Number and Submit to e-Verify return.
Step 2: Download the Acknowledgement (No Further action required). |
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Option 2 – I
would like to e-Verify later/ I would like to send ITR-V
Step 1: Click on Continue , Download
ITR-V
Step 2: Submit ITR-V to CPC, Bangalore. |
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With above
explanation of the process to verify your return filed with the department,
taxpayer may simply do the verification process. After the successful
verification you will not be require to do the tedious work of sending ITR V
to Bangalore.
For assistance in ITR filing, you can visit us at Munim.in
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