December 5, 2016

6 Ways for e-Verify of Income Tax Return (ITR)

Once you file the IT Return, the next step is the e-Verification of your Income Tax Return (ITR). For this, Income Tax Department come up with 6 ways for e-Verify of Income Tax Return (ITR). Let us see all available ways.

Note:- Refer the latest updated post about verifying ITR “How to verify ITR without login to e-Filing Account?“.

Earlier we used to take the printout of the ITR-V we filed, sign the hard copy and post the physical copy to CPC Bangalore. However, Income Tax Department introduced the process of e-Verify of Income Tax Return (ITR) as an alternative to ITR-V. Remember, Income Tax Return filed by you is not treated as valid until it is verified.

Hence, it is very much import for you the ways available to e-Verify of Income Tax Return (ITR).

What is e-Verification or e-Verify of Income Tax Return (ITR)?

e-Verify of Income Tax Return (ITR) is the process through which the Electronic Verification Code (EVC) would verify the identity of the person furnishing the return of income and would be generated on the E-filing website.

Few features of e-Verification or e-Verify of Income Tax Return (ITR) are as below.

  • The Electronic Verification code would verify the identity of the person who is furnishing the return of income and can be generated on the E-filing website of Income Tax Department.
  • The EVC or e-Verify of Income Tax Return (ITR) can be used by a Verifier to verify his ITR 1 / ITR 2 / ITR 2A / ITR 3 / ITR 4 /ITR 4S.
  • Karta of an HUF (Hindu Undivided Family) also can use the EVC to verify the returns.
  • The EVC or e-Verify of Income Tax Return (ITR) would be unique for an Assessee PAN and will not be valid for any other PAN at the time of filing the ITR.
  • Only one EVC or e-Verify of Income Tax Return (ITR) can be used to validate one ITR of the assessee irrespective of the Assessment Year or Return filing type (i.e. original or revised returns).
  • The EVC or e-Verify of Income Tax Return (ITR) will be stored against the Assessee’s PAN along with the other verification details. The EVC is valid for 72 hours.
  • The Verifier can use more than one mode to obtain EVC and can generate the EVC multiple times.

How to e-Verify of Income Tax Return (ITR)?

  • First login to the e-Filing portal of IT Department. Click “e-file” ——-> Select “Upload Return” to upload your IT Return.

e-Filing Upload Return

  • Select the Assessment year, ITR name from the drop down and browse the XML to be uploaded and click on submit button as shown below.

e-Filing Upload Form 2

  • Next under e-File, select the option e-Verify Return.

e-Verify of Income Tax Return (ITR)

  • After clicking this option, you will find the pending ITR for e-verification. Click on e-Verify.

e-Verify Return 2

  • Once you click on e-Verify link, you will be redirected to below screen. Here, you will find 4 options. They are as below.

e-Verify Options

Option 1 – “I already have an EVC to e-Verify my return.”

Option 2 – “I do not have an EVC and I would like to generate EVC to e-Verify my return.”

Option 3 – “I would like to generate Aadhaar OTP to e-Verify my return.”

Option 4 – “I would like to send ITR-V/ I would like to e-Verify later.”

Let me describe each option one by one.

Option 1 – “I already have an EVC to e-Verify my return.”

If you already generated the EVC then click on this link. Enter the already generated EVC and click on Submit tab to e-verify.

e-Verify Option 1

The success message will be displayed as below and no further action is required by you.

e-Verify Success Message

6 Ways of e-Verification or e-Verify of Income Tax Return (ITR)

Now, I will discuss the Option 2 – “I do not have an EVC and I would like to generate EVC to e-Verify my return.” and Option 3 – “I would like to generate Aadhaar OTP to e-Verify my return.”

Including Option 2 and Option 3, there are in total 6 ways to e-Verify of Income Tax Return (ITR).

These are as below.

# EVC received in Registered Mobile number and e-mail. (Electronic Verification Code (EVC) is a 10 digit alphanumeric code which can be generated through e-Filing portal and is valid for 72 hours).

# Aadhaar OTP

# Login to e-Filing through Net Banking

# EVC-Through Bank Account Number

# EVC-Through Demat Account Number

# EVC-Through Bank ATM

I will try to explain all options using below image of Income Tax Department. Because it explains in a simple manner.

If the taxpayer’s income is less than Rs.5 lakhs and if there is no refund, then the below options will be available for e-verifying.

a) Through Net Banking, b) Through bank account number, c) Through Demat Account number,  and d) Through registered email ID or Mobile number.

If the taxpayer’s income is more than 5 lakhs or if there is refund, then the below options will be available for e-verifying.

a) Through Net Banking, b) Through bank account number, and c) Through Demat Account number.

These options will be displayed based on taxpayers eligibility for e-verification.

6 ways to e-Verify Income Tax Return (ITR)

Option 4 – “I would like to send ITR-V/ I would like to e-Verify later.”

  • If the taxpayer is not able to e-Verify at this moment because of any reason then the taxpayer can choose this option. Once you click this option, you will see the below screen.

Option 4 of e-Verify IT Return

  • Click on Continue. Success page is displayed (as below), where the taxpayer can download the ITR-V.

Download ITR-V

  • Download the ITR-V, sign it manually and send it to CPC through post within the time limit of 120 days from date of upload for your return to be treated as a valid return. Note that if you e-very then no need to send physical copy to CPC.

This is the whole process of e-Verify of Income Tax Return (ITR). Hope this will help you all.

10 Comments

  1. very nicely explained sir.keep it up.i am learning a lot from your blog.thanks

    Reply
  2. Great information Sir.

    Suppose I am filing online ITR on behalf of my customer with my Laptop, do I need to apply for Digital Signature Certificate?

    What is the use of Digital Signature Certificate and who and when should one apply for?

    Also, what is meant by Class – 2 and Class -3 Certificate? Please explain.

    Thanks

    Reply
    • Ritesh-You can get all information about the digital certificate in an eFILING portal. Please, refer it.

      Reply
      • Ok. However, do I need to apply for Digital Certificate? Since I am filing ITR on behalf of a customer for the first time.

        Thanks

        Reply
  3. In Term Insurance policy is it better to go 10 years and go to next 10 years plan as innovation in policies changes, sum assured we can change as per our income increases, requirements changes with time or take a single policy up-to entire retirement age. (where sum assured may not sufficient only benefit is premium is less?)
    if we take up-to retirement age the premium is more than 10 years time?

    Reply
    • TSRAO-What is the guarantee that innovative policies will come in after 10 years? What is the guarantee that after 10 years your health will be same fit as it is today and insurer will issue policies without any loading? Also, do remember that as you grow older, buying the term insurance will cost you more. Now you decide what to do.

      Reply
  4. Awesome Information sir Thanks!

    Reply
  5. Sir,
    Very informative.. keep going..
    I’m a govt employee. I pay income tax myself (advance tax) not through my office. As I read your article Last year I filed successfully, I have paid 3 installments.
    But this year govt changed the rules. Installments 4 – June, Sept, Dec, Mar. I didn’t paid on June, only on Sept. My query is
    1. Should I pay penalty through separate form or I mention penalty on challan 280?
    2. I got arrears this month. But didn’t calculate this for approximate income tax. So I Paid <30% on Sept. Should I pay penalty for this also?
    3. How is penalty calculated?
    Thank you.

    Reply
    • Mahendra-1) There is a field in form to show the penalty. You can use it. 2) The penalty for delayed advance tax payment is 1% per month.

      Reply

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