What is ITR V?
Income Tax Return Verification (ITR-V) is a receipt sent by the Income Tax Department acknowledging that the taxpayer has successfully filed the income tax return. If you have not filed your ITR this year then first select the suitable package and file your ITR with the help of Tax Spanner.
It is mandatory for you to verify your return to complete the process of return filing if you have not digitally signed your ITR. In order to receive ITR V acknowledgment, the taxpayer has to verify his tax return within 120 days of filing his tax return. There are 6 ways to verify your ITRs out of which 5 are online methods and 1 is offline.
Tax Spanners Take
Instead of sending a physical signed copy of ITR-V to CPC, just use any of the below methods to E-Verify your ITR. We recommend you to E-verify your return is using net banking or Aadhar-based OTP. It’s Quick, Convenient, and Eco-friendly.
Step By Step Guide To E-Verify Your Income Tax Return
In this blog, Mr. Sudhir Kaushik (CEO of Tax Spanner) is going to tell you how to E-Verify ITR.
Common Steps
Step 1: Log in to my account on incometaxindiaefiling.gov.in
Step 2: Select the ‘View Returns/Forms’ option and then select the Income Tax return.
Step 3: Select the option- ‘Click here to view your returns pending for e-verification’
Step 4. Select the option ‘e-verify’
Step 5: When you click on e-verify, there are various modes through which you can generate an EVC. Select the suitable mode and proceed with the following steps
Method # 1. E-verify via net banking
Step 1: Log in to your net banking account.
Step 2: Select the e-verify option which is usually under the ‘Tax’ tab. which will redirect you to the e-filing website of the income tax department.
Step 3: Select the “My Account” tab on the e-filing web page to generate EVC. The EVC will be sent to your registered mobile number and email ID . This code is valid for 72 hours.
Step 4: Enter this EVC to e-verify your return.
Step 5: E-Return will be successfully verified.
Method # 2. E-verifying your ITR Via Aadhaar-based OTP
Step 1: To verify your ITR using the Aadhaar-based one-time password (OTP), your mobile number must be linked to Aadhaar and registered as such in the Unique Identification Authority of India (UIDAI) database and your PAN must be linked with Aadhaar.
Step 2: Select Verification mode as “Aadhaar OTP”. OTP will be sent to the mobile number registered with Aadhaar and is valid for 30 minutes from the time of generation of OTP
Step 3: Enter the OTP on the page and hit ‘Submit.’
Step 4: ITR will be successfully verified.
Method # 3. E-verifying your ITR via Bank ATM
Step 1: Swipe your debit card at a bank ATM.
Step 2: Select “Generate PIN for E-Filing”.
Step 3: EVC will be send on your registered mobile number and is valid for 72 Hours from the time of generation of OTP
Step 4: Log in to the Income Tax Department e-filing website and select the option “e-verify using Bank ATM”.
Step 5: Enter the EVC on E-Filing Portal.
Step 6: Income Tax Return will be successfully verified
Method # 4. E-verify your ITR Using Demat Account
Step 1: Login to e-Filing Portal
Step 2: Select “Profile Settings” & pre-validate your demat account
Step 3: Now Select “Income Tax Return” from the drop down
Step 4: Select Verification mode as “EVC using pre- validated demat account”
Step 5: EVC will be sent to the mobile number registered with demat account and is valid for 72 Hours from the time of generation of OTP
Step 6: Enter the EVC on E-Filing Portal.
Step 7: Income Tax Return will be successfully verified
Method # 5. E-verify your ITR Using Bank Account
Step 1: Login to e-Filing Portal
Step 2: Select “Profile Settings” & pre-validate your Bank account
Step 3: Now Select “Income Tax Return” from the drop down
Step 4: Select Verification mode as “EVC using pre- validated bank account”
Step 5: EVC will be sent to the mobile number registered with the bank account and is valid for 72 hours from the time of generation of OTP
Step 6: Enter the EVC on E-Filing Portal.
Step 7: Income Tax Return will be successfully verified
If you have any doubts or need assistance in filing your ITR, then you can email us at support@taxspanner.com
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